FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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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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