Units:
Contribution Margin
Fixed Costs
Operating Income
Sales Revenue
Variable Costs
Homework Answers
Answer:
Prepare Flexible budget as shown below:
| Flexible Budget | |||
| Details | 40,000 pads | 45,000 pads | 75,000 pads |
| Sales Revenue | 520,000 | 585,000 | 975,000 |
| Less: Variable Costs | 204,000 | 229,500 | 382,500 |
| Contribution Margin | 316,000 | 355,500 | 592,500 |
| Less: Fixed Costs | 205,000 | 205,000 | 260,000 |
| Operating Income | 111,000 | 150,500 | 332,500 |
The Formulas used are shown below:
| Details | 40,000 pads | 45,000 pads | 75,000 pads |
| Sales Revenue | = 40,000 * 13 | = 45,000 * 13 | = 75,000 * 13 |
| Less: Variable Costs | = 40,000 * 5.1 | = 45,000 * 5.1 | = 75,000 * 5.1 |
| Contribution Margin | =C11-C12 | = 585,000-229,500 | = 975,000-382,500 |
| Less: Fixed Costs | 205,000 | 205,000 | 260,000 |
| Operating Income | = 316,000-205,000 | = 355,500-205,000 | = 592,500-260,000 |
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Units:
Contribution Margin
Fixed Costs
Operating Income
Sales Revenue
Variable Costs
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