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Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993 Exercise 16
Flexible Budgeting
The master budget at Windsor, Inc., last period called for sales of 180,000 units at $12 each. The costs were estimated to be $5 variable per unit and $300,000 fixed. During the period, actual production and actual sales were 184,000 units. The selling price was $12.15 per unit. Variable costs were $5.90 per unit. Actual fixed costs were $300,000.
Required
Prepare a flexible budget for Windsor.
The master budget at Windsor, Inc., last period called for sales of 180,000 units at $12 each. The costs were estimated to be $5 variable per unit and $300,000 fixed. During the period, actual production and actual sales were 184,000 units. The selling price was $12.15 per unit. Variable costs were $5.90 per unit. Actual fixed costs were $300,000.
Required
Prepare a flexible budget for Windsor.
Explanation
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Verified
Flexible budget:-
It is a budget which ...
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
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