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Home Q & A Board Other Fields Homework Help Business Accounting
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bmh12e bmh12e
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1 months ago
Morgan's, Inc. has provided you with the following financial information:


​​BudgetedActual
Sales quantity6,0006,200
Sales price per unit$    6.00$    5.75
Variable product cost per unit2.002.25
Selling expense (fixed)3,0006,000
Administrative expense (fixed)15,00014,000
Income tax expense1,8002,000

Required:

Prepare a flexible budget.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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texasboy3texasboy3
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Morgan's, Inc.
Flexible Budget
Sales revenue $37,200
Cost of goods sold12,400
Gross profit24,800
Selling expense3,000
Administrative expense15,000
Income before taxes6,800
Income tax expense    1,800
Net income$  5,000
1

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bmh12e Author
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1 months ago
Thank you, thank you, thank you!
Smair87
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Yesterday
Brilliant ツ
Gorgio_De
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2 hours ago
Thanks for your help!!
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