Question Details

Prepare a fixed budget income statement 



1.Based on predicted production of 25,000 units, Best Co. anticipates $175,000 of fixed costs and $137,500
of variable costs. What are the flexible budget amounts of total costs for 20,000 and 30,000 units?
2.Casco Co. planned to produce and sell 40,000 units. At that volume level, variable costs are determined
to be $320,000 and fixed costs are $30,000. The planned selling price is $10 per unit. Casco actually
produced and sold 42,000 units.
Using a contribution margin format:
(a) Prepare a fixed budget income statement for the planned level of sales and production.
(b) Prepare a flexible budget income statement for the actual level of sales and production.



Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help