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What is the budgeted amount for operating income

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Q1. Our company manufactures bird feeders. The budgeted sales price is $20 per unit, and the variable costs are $12 per unit. Budgeted fixed costs for the company are $15,000. What is the budgeted amount for operating income for 5,000 bird feeders?

a. $8.00 per unit

b. $60,000

c. $25,000

d. $15,000

Q2. Our company manufactures bird feeders. The budgeted sales price is $30 per unit, and the variable costs are $12 per unit. Budgeted fixed costs for the company are $15,000. What is the budgeted amount for contribution margin for 5,000 bird feeders?

a. $18.00 per unit

b. $90,000

c. $75,000

d. $60,000

Q3. The static budget for our company shows a sales volume of 2,000 units and a sales price of $60 per unit. Actual sales for the year totaled 2,100 units, and the actual sales price was $58 per unit. What is the dollar amount for sales revenue in the flexible budget column of the Flexible Budget Performance Report?

a. $126,000

b. $124,200

c. $121,800

d. $120,000

Q4. The actual operating income for our company for the current year was $97,000. The flexible budgeted operating income for actual sales volume was $95,000, and the static budget for operating income was $96,000. What is the flexible budget variance for operating income on the Flexible Budget Performance Report?

a. $2,000 favorable

b. $2,000 unfavorable

c. $1,000 favorable

d. $1,000 unfavorable

Reference no: EM132776038

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