New Rock, Inc.sells video games it has purchased from a local distributor.The following static budget is based on sales of 8,000 games.However, New Rock only sold 7,800 games during the year.Fixed costs are 30% of total operating expenses Required:
Prepare a flexible budget.

Question

New Rock, Inc.sells video games it has purchased from a local distributor.The following static budget is based on sales of 8,000 games.However, New Rock only sold 7,800 games during the year.Fixed costs are 30% of total operating expenses  Required:
Prepare a flexible budget.

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The Answer of New Rock, Inc.sells video games it has purchased from a local distributor.The following static budget is based on sales of 8,000 games.However, New Rock only sold 7,800 games during the year.Fixed costs are 30% of total operating expenses  Required:
Prepare a flexible budget.