Required: Prepare a flexible budget for Gordon based on the production and sale

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Required:

Prepare a flexible budget for Gordon based on the production and sale of 125 wool caps. Input all amounts as positive value. If required, round your final answers to two decimal places. Do not round your intermediate calculations.

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Prepare a flexible budget for Gordon based on the production and sale of 125 wool caps. Input all amounts as positive value. If required, round your final answers to two decimal places. Do not round your intermediate calculations.

Gordon Flexible Budget
$ Variable costs:






$

Explanation / Answer

Calculations ( for Refference Sales Revenue 125*10 $1,250.00 Variable Cost Direct Material (375/150)*125 $312.50 Direct Labor (750/150)*125 $625.00 Comission to resort (112.5/150)*125 $93.75 Fixed Costs $75.00 Net Income 1250-(312.5+625+93.75+75) $143.75

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