Expected unit sales in 2012 were 1200000 and 2012 total

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Reference no: EM13577933

Four Flags is a retail department store. On January 1, 2012, Four Flags' accountants used the following data to develop the master budget for Four Flags for 2012:Cost Fixed Variable (per unit sold)

Cost of Goods Sold $0 $5.20

Selling and Promotion Expense $200,000 $0.80

Building occupancy Expense $190,000 $0.20

Buying Expense $160,000 $0.40

Delivery Expense $115,000 $0.05

credit and Collection Expense $70,000 $0.03

Expected unit sales in 2012 were 1,200,000, and 2012 total revenue was expected to be $12,000,000. Actual 2012 unit sales turned out to be 1,000,000, and total revenue was $10,000,000. Actual total costs in 2012 were:

Cost of Goods Sold	$6,000,000
Selling and Promotion Expense	$1,100,000
Building Occupancy Expense	$440,000
Buying Expense	$660,000
Delivery Expense	$190,000
Credit and Collection Expense	$25,000

Reference no: EM13577933

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