Check my work mode : This shows what is correct or incorrect for the work you ha

Question

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does QS 8-2 Flexible budget LO P1 Based on predicted production of 24,000 units, a company anticipates $300,000 of fixed costs and $246,000 of variable costs If the company actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs? Answer is not complete. Flexible Budget. VariableTotal Fixed Amount per Unit Flexible Budget at 24,000 units 20,000 units Cost s 246,000$ 246,000 205,000 Variable cost Fixed costs Total budgeted costs 300 000-300 0000 S 546,000 S 505,000 s 300 0000

Explanation / Answer

Flexible Budget Flexible Budget at Variable Amount per unit Total Fixed Cost 24000 20000 Variable Cost 10.25 [(246000/24000) 246000 205000 (246000/24000)*20000 Fixed Cost 300000 300000 300000 Total Budgeted Costs 546000 505000

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