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Home Q & A Board Other Fields Homework Help Business Accounting
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drw92 drw92
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A year ago
New Rock, Inc. sells video games it has purchased from a local distributor. The following static budget is based on sales of 8,000 games. However, New Rock only sold 7,800 games during the year. Fixed costs are 30% of total operating expenses.

Sales$512,000
Cost of goods sold (variable)230,000
Gross margin282,000
Operating expenses220,000
Operating income$  62,000

Required:

Prepare a flexible budget.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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rbacon2rbacon2
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A year ago
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drw92 Author
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A year ago
Thanks for your help!!
bbbbbbbh
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Yesterday
Helped a lot
kiara23247843
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2 hours ago
Brilliant ツ
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