Prepare a flexible budget for big bend co that shows a

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Reference no: EM13574222

The following inf Big Bend Co. fixed budget for the year is shown below:

Sales (50,000 Units): 1,300,000
CGS:
Direct Materials: 150,000
Direct Labor: 450,000
Overhead (Includes $2 per unit variable overhead: 240,000 840,000
Gross Profit: 460,000
Selling Expenses:
Sales Commision: 60,000
Rent (all fixed); 40,000
Insurance (all fixed): 35,000
General & Administrative Expense:
Salaries (all fixed): 72,000
Rent (all fixed): 54,000
Depreciation (all fixed); 31,000 292,000a
Net Income from operations: 168,000

Prepare a flexible budget for Big Bend Co. that shows a detailed budget for its actual sales volume of 42,000 units. Prepare a variable cost income statement for 42000 units.

Reference no: EM13574222

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