Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0 Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000

Wade Company expects to produce 6,000 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $12, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $8,300 for depreciation and $4,000 for supervision. In the current month, Wade produced 6,500 units and incurred the following costs: direct materials $30,270, direct labour $74,000, variable overhead $127,656, depreciation $8,300, and supervision $4,224. Prepare a static budget report. (List variable costs before fixed costs.)

Contribution Margin, Cost-Volume-Profit Analysis and Break-Even Point (Overview) Fixed, Variable and Mixed Costs An appreciation of cost behavior is needed in order for management to understand and predict profitability as the costs of material, labor and other operating expenses and levels of production and sales change. It's important to review the cost behavior of fixed, variable and mixed costs before contribution margins, cost-volume-profit analysis, and break-even points. 1.   In the table below, Have-A-Seat Inc. has outlined many of the costs associated with producing office chairs. With respect to the production and sale of office chairs, classify each cost as fixed, mixed, or variable. a.  Pressure-molded plastic for chair frames   b.  Pension cost: $0.50 per employee hour on the job   c.  Insurance premiums for inventory: $2,100 per month plus $0.01 for each dollar of inventory over $2 million   d.  Property taxes: $120,000 per year for the factory building and…

Nottingham Forest Products reports the following information concerning operations for the most recent month: Master Budget (based on Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits There are no inventories. Actual (based on actual sales budgeted sales of 4,800 units) of 4,000 units) $ 188,000 $ 228,700 50,302 31,520 16,608 7,805 7,215 $ 113,450 $ 115,250 38,930 14,860 9,510 $ 63,300 $ 51,950 Required: Prepare a flexible budget for Nottingham Forest Products. 39,000 27, 200 13,100 6, 200 6,500 $ 92,000 $ 96,000 37,400 12, 200 10,400 $ 60,000 $ 36,000