Flexible Budget Fall 2009 - JKS Manufactures
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JKS manufactures a single product that sells for $60 each. JKS's static budget estimated that 1,200 units would be produced and sold this past month. The actual number of units produced and sold totaled 1,500. Based on these data and the data given below, complete the flexible budget:
Actual
Price Variance
Flexible Budget
Volume Variance
Master Budget
Sales
$93,000
Variable Cost
$60,000
Contribution Margin
$1,500 U
Fixed Cost
$5,000
Operating Income
$7,500
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The solution prepares Flexible Budget for JKS Manufactures.
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JKS manufactures a single product that sells for $60 each. JKS's static budget estimated that 1,200 units would be produced and sold this ...
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