- Check My Work Phoenix Company Fixed Budget For Year Ended December 31 3 150 000 Direct Materials Direct Labor 975 000 1 (31.92 KiB) Viewed 16 times
- Check My Work Phoenix Company Fixed Budget For Year Ended December 31 3 150 000 Direct Materials Direct Labor 975 000 2 (37.75 KiB) Viewed 16 times
- Check My Work Phoenix Company Fixed Budget For Year Ended December 31 3 150 000 Direct Materials Direct Labor 975 000 3 (29.68 KiB) Viewed 16 times
Check my work PHOENIX COMPANY Fixed Budget For Year Ended December 31 $3,150,000 Direct materials Direct labor. 975,000 225,000 60,000 Sales staff commissions Depreciation-Machinery 305,000 Supervisory salaries 199,000 Shipping 240,000 251,000 Sales staff salaries (fixed annual amount) Administrative salaries 512,000 Depreciation-office equipment 194,000 Income $ 189,000 Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. Sales Conta
Book Ask Print erences Required information Direct materials Direct labor Sales staff commissions Shipping Total variable costs Contribution margin Fixed costs Variable costs Depreciation Machinery Supervisory salaries Sales staff salaries Administrative salaries Depreciation Office equipment Total fixed costs Income 0.00 $ 0$ *** 0 0 $ 0
Required information The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,000 Sales Less: Variable cost Contribution margin Less: Fixed cost Income $ < Req 1 and 2 Check my