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Cellular Technologies manufactures capacitors for cellular base stations and other communication applications. The company's March 2009 flexible budget income statements show output levels of 7,500, 9,000, and 11,000 units. The static budget was based on expected sales of 9,000 units.
** ATTACHMENT (PROBLEM 3) **
The company sold 11,000 units during March, and its actual operating income was as follows:
** ATTACHMENT (PROBLEM 3 REQUIREMENTS) **
The solution contains preparation of flexible budget for various activity levels,income statement, calucation of operating income, static budget variance,preparation of performance report and the opinion from performance report.