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Author Question: New Rock, Inc. sells video games it has purchased from a local distributor. The following static ... (Read 76 times)

shanell

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New Rock, Inc. sells video games it has purchased from a local distributor. The following static budget is based on sales of 8,000 games. However, New Rock only sold 7,800 games during the year. Fixed costs are 30% of total operating expenses.

Sales$512,000
Cost of goods sold (variable)230,000
Gross margin282,000
Operating expenses220,000
Operating income$  62,000

Required:

Prepare a flexible budget.


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Marked as best answer by shanell on Feb 5, 2023

Karla347

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shanell

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Reply 2 on: Feb 5, 2023
Excellent


bulacsom

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Reply 3 on: Yesterday
Gracias!

 

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