Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget to 85,000 units of sales. What is net income at 85,000 units of sales?    A) ($33,500)  B) $22,750   C) $66,500  D) ($21,000)

Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget. Use this information to prepare a flexible budget for 80,000 and 90,000 units of sales.       Flexible Budget   100,000 80,000 90,000 Sales $3,580,000 $fill in the blank 1 $fill in the blank 2 Cost of Goods Sold       Direct Material $900,000 $fill in the blank 3 $fill in the blank 4 Direct Labor 1,100,000 fill in the blank 5 fill in the blank 6 Variable Manufacturing Overhead 240,000 fill in the blank 7 fill in the blank 8 Fixed Manufacturing Overhead 70,000 fill in the blank 9 fill in the blank 10 Cost of Goods Sold $2,310,000 $fill in the blank 11 $fill in the blank 12 Gross Profit $1,270,000 $fill in the blank 13 $fill in the blank 14 Variable Sales and Administrative Expenses 100,000 fill in the blank 15 fill in the blank 16 Fixed Sales and Administrative Expenses 940,000 fill in the blank…

Gibson Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The growth expectations per quarter are 4 percent for Cummings Division, 2 percent for Springfield Division, and 6 percent for Douglas Division. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. Note: Round your final answers to the nearest whole dollar amount. Division First Quarter Second Quarter Third Quarter Fourth Quarter Cummings Division $ 160,000 Springfield Division 390,000 Douglas Division 260,000 Required A Required B >

The actual information pertains to the third quarter. As part of the budgeting​ process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results.   Actual Results Flexible Budget Static Budget Sales volume​ (in units) 19,000   18,000 Sales revenues $240,000 ​$                   $233,000 Variable costs 141,000   183,000 Contribution margin 99,000   50,000 Fixed costs 41,000   34,000 Operating profit $58,000 ​$                   $16,000 The flexible budget will report​ ________ for the fixed costs.  Do not give answer in image formate

During the current year, Cullumber Corporation expects to produce 10,000 units and has budgeted the following: net income $350,000; variable costs $1,290,000; and fixed costs $110,000. It has invested assets of $1,650,000. What was the company's budgeted ROI? What was its budgeted markup percentage using a total cost approach? Budgeted ROI per unit Budgeted markup percentage $ %

3. Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget. Use this information to prepare a flexible budget for 80,000 and 90,000 units of sales. Sales $3,500,000 Cost of goods sold Direct material 900,000 Direct labor 1,000,000 Variable manufacturing overhead Fixed manufacturing overhead Cost of goods sold Gross profit Variable sales and administration expenses Fixed sales and administration expenses 250,000 80,000 2,230,000 1,270,000 100,000 950,000 Income before taxes 220,000 Таxes 66,000 Net income $ 154,000

Zaria Inc. provides the following budgeted data for producing 10,000 units of one of its products in its static budget for the next quarter: Sales per unit  $60 Variable costs per unit  $40 Fixed costs for the quarter $20,000 What would be the amount of operating income to be reported in the flexible budget prepared at a volume of 12,000 units? Group of answer choices $620,000 $216,000 $220,000 $300,000

Top managers of Cole Industries predicted 2018 sales of 14,600 units of its product at a unit price of $7.00. Actual sales for the year were 14,000 units at $10.50 each. Variable costs were budgeted at $2.60 per​ unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $43,000 exceeded budgeted fixed costs by $4,500.   Prepare Cole​'s flexible budget performance report. What variance contributed most to the​ year's favorable​ results? What caused this​ variance?   Prepare a flexible budget performance report for the year.​ First, complete the flexible budget performance report through the contribution margin​ line, then complete the report through the operating income line.​ Finally, compute the total variances. ​(Enter a​ "0" for any zero balances. For any​ $0 variances, leave the Favorable​ (F)/Unfavorable (U) input​ blank.)   Cole Industries Flexible Budget Performance Report For the Year Ended December 31, 2018     1 2 3 4 5…