Total fixed costs 20,000 The actual units produced and sold was 10% higher than it had budgeted. In preparing its flexible budget to compare to the master budget's contribution margin income statement, what would the flexible budget's contribution margin equal?
Total fixed costs 20,000 The actual units produced and sold was 10% higher than it had budgeted. In preparing its flexible budget to compare to the master budget's contribution margin income statement, what would the flexible budget's contribution margin equal?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:QUESTION 10
Rich & Sweet Candy Company budgeted to produce and sell 5,000 units with its static master budget contribution margin income statement consisting of the following:
Sales revenue
$90,000
Total variable costs
50,000
20,000
Total fixed costs
The actual units produced and sold was 10% higher than it had budgeted. In preparing its flexible budget to compare to the master budget's contribution margin income
statement, what would the flexible budget's contribution margin equal?
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