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Home Q & A Board Other Fields Homework Help Business Accounting
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jj88888nb jj88888nb
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6 years ago
The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results.

ActualFlexibleStatic
ResultsBudgetBudget
Sales volume (in units)18,00023,000

Sales revenues$900,000$$1,150,000
Variable costs360,000$ ________463,910

Contribution margin540,000$686,090

Fixed costs275,300$ ________269,500
Operating profit$264,700$ $416,590

The flexible budget will report ________ for variable costs.
A) $592,774
B) $460,000
C) $363,060
D) $463,910
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
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9ty99ty9
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6 years ago
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jj88888nb Author
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#2
6 years ago
Makes more sense now, have a good weekend!
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