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Author Question: Morgan's, Inc. has provided you with the following financial information:BudgetedActualSales ... (Read 62 times)

olsonmanny@gmail.com

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Question 1

Morgan's, Inc. has provided you with the following financial information:

BudgetedActual
Sales quantity6,0006,200
Sales price per unit$    6.00$    5.75
Variable product cost per unit2.002.25
Selling expense (fixed)3,0006,000
Administrative expense (fixed)15,00014,000
Income tax expense1,8002,000

Required:

Prepare a static budget.

Question 2

Morgan's, Inc. has provided you with the following financial information:


BudgetedActual
Sales quantity6,0006,200
Sales price per unit$    6.00$    5.75
Variable product cost per unit2.002.25
Selling expense (fixed)3,0006,000
Administrative expense (fixed)15,00014,000
Income tax expense1,8002,000

Required:

Prepare a flexible budget.


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Marked as best answer by olsonmanny@gmail.com on Feb 5, 2023

nora9826

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olsonmanny@gmail.com

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Reply 2 on: Feb 5, 2023
Excellent


juliaf

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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