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Generating a Flexible Budget Balmer Corporation's master (static) budget for the year is shown below:
Sales (50,000 units) Cost of goods sold: Direct materials
$150,000
$1,600,000
Direct labor
450,000
Overhead (Variable overhead
applied at 40% of direct labor cost)
240,000
840,000
Gross profit
$ 760,000
Selling expenses:
Sales commissions (all variable)
$160,000
Rent (all fixed)
40,000
Insurance (all fixed)
30,000
General expenses:
Salaries (all fixed)
92,000
77,000
Depreciation (all fixed)
51,000
Operating income
$ 310,000
Required
1. During the year the company actually manufactured and sold 42,000 units of product. Prepare an Excel spreadsheet that contains a flexible budget for this level of output.
2. Suppose, however, that the actual level of output had been 52,000 units of output. Rerun your spread- sheet to generate a flexible budget for this level of output.
3. Of what relevance is the notion of "relevant range" when preparing pro forma budgets or a flexible budget for control purposes?
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