1 answer

Prepare a flexible budget using the following information: Sales Price $20 per unit Cost of goods...

Question:

Prepare a flexible budget using the following information: Sales Price $20 per unit Cost of goods sold is 30% of Sales Price Variable Operating Cost are $2.50 per unit sold Fixed Operating Cost are $15,000 Sales levels 10,000, 12,500, 15,000


Answers

Flexible budget
Sales level (units) 10000 12500 15000

Sales

[ Sales units * Sales price per unit ]

200000

[ 10000*20 ]

250000

[ 12500*20 ]

300000

[ 15000*20 ]

(-) Cost of goods sold

[ 30% of sales ]

60000

[ 200000*30% ]

75000

[ 250000*30% ]

90000

[ 300000*30% ]

Gross profit 140000 175000 210000

(-) Variable operating cost

[ Sales units * Variable operating cost per unit ]

25000

[ 10000*2.50 ]

31250

[ 12500*2.50 ]

37500

[ 15000*2.50 ]

(-) Fixed operating costs 15000 15000 15000
Net operating income 100000 128750 157500
.

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