Assemble a flexible budget containing the following fixed and variable costs.
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Get it written →Assemble a flexible budget containing the following fixed and variable costs.
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Assumptions: |
Per unit |
Per Qtr |
Per Year |
|
Variable cost |
$ 30.00 |
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|
Variable selling and admin expenses |
$ 10.00 |
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Fixed selling and admin expenses |
$ 20,000 |
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Insurance expensed by quarter |
$ 12,600 |
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|
Office salaries |
$ 40,000 |
||
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Taxes paid at end of the year |
$ 7,400 |
|
Sales Budget |
Qtr 1 |
Qtr 2 |
Qtr 3 |
Qtr 4 |
Year |
|
Expected sales in units |
1000 |
1800 |
2000 |
1200 |
|
|
Unit sales price |
$ 150 |
$ 150 |
$ 150 |
$ 150 |
|
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Total sales |
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