Prepare a budget that will be useful for management control

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Reference no: EM13920362

The budgeted and actual results of Crunch Co for September were as follows. The company uses a marginal costing system. There were no opening or closing stocks.

Sales and production		Fixed budget 1,000 units		Actual 700 units
	$	$	$	$
Sales		20,000		14,200
Variable cost of sales
Direct materials	8,000		5,200
Direct labour	4,000		3,100
Variable overhead	2,000		1,500
		14,000		9,800
Contribution		6,000		4,400
Fixed costs		5,000		5,400
Profit/(loss)		1,000		(1,000)
Required

Prepare a budget that will be useful for management control purposes.

Reference no: EM13920362

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