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Author Question: Morgan's, Inc. has provided you with the following financial information:BudgetedActualSales ... (Read 38 times)

olsonmanny@gmail.com

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on: Feb 5, 2023

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.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by olsonmanny@gmail.com on Feb 5, 2023

nora9826

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Reply #1 on: Feb 5, 2023
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olsonmanny@gmail.com

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Reply 2 on: Feb 5, 2023
Wow, this really help

sarah_brady415

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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