[The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $617,700; variable costs of $63,900; and fixed costs of $143,000. If the company actually produces and sells 26,800 units, calculate the flexible budget income Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget------ Variable Amount per Unit $ 0 Total Fixed Cost 21,300 units $ ------Flexible Budget at ------ $ 0 26,800 units $ 0 $ 0 0
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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[The following information applies to the questions displayed below.]
The fixed budget for 21,300 units of production shows sales of $617,700;
variable costs of $63,900; and fixed costs of $143,000.
If the company actually produces and sells 26,800 units, calculate the flexible budget income
Sales
Variable costs
Contribution margin
Fixed costs
Income
------Flexible Budget------
Variable Amount
per Unit
$
0
▶▶▶
Total Fixed
Cost
21,300 units
$
------Flexible Budget at
$
0
0
26,800 units
$
$
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5ae4578-9d0d-4369-b6dd-45d14c4c9e30%2Fbf6c4225-b2a7-4346-a84b-ed680665114b%2Ff7chitq_processed.png&w=3840&q=75)
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