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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Ibis Paper Company prepared the following static budget for November:

Static Budget      
Units/Volume      12,000
   Per Unit   
Sales Revenue   $21.00   $252,000
Variable Costs   8.00   96,000
Contribution Margin      156,000
Fixed Costs      13,000
Operating Income/(Loss)      $143,000

If a flexible budget is prepared at a volume of 13,300 units, calculate the operating income at 13,300 units of production. The production level is within the relevant range.
A) $159,900
B) $172,900
C) $143,000
D) $156,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
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#3
7 years ago
Excellent Slight Smile
amscot7
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#4
4 years ago
Thx
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