t View History Bookmarks People Window Help 84%(4) M1 Mon Jun 25 3:47:58PM Jo a

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t View History Bookmarks People Window Help 84%(4) M1 Mon Jun 25 3:47:58PM Jo a Davis, Managerial Accounting, 3e Help I Sysem Announcemens Question 1 Margie's Creations manufactures ceramic igurines. In planning for the coming year, the budget committee is considering three different sales targets: 5,900 figurines, 6,800 figurines, and 7,700 figurines rigurines sell for $37 each. The standard cost information for one figurine is as follows Direct labor Variable overhead operating cests 12 Annual expected fxed overhead cost $4,30 Annual expected fixed operating coses $42,900 Prepare a fexible budget for the three sales levels under consideration 5,900 Units s,so0 Units 7,700 Units Cost of goods sold Contibution margin MacBook Pro 3 5

Explanation / Answer

Units 5900 6800 7700 Revenue $37 per unit 218300 251600 284900 Variable cost Cost of goods sold $19 per unit 112100 129200 146300 Operating cost $2 per unit 11800 13600 15400 Contribution margin 94400 108800 123200 Fixed Cost of goods sold 4390 4390 4390 Operating cost 42900 42900 42900 Net income 47110 61510 75910

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