Prepare flexible budget for next quarter for volume levels

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Reference no: EM131989580

Problem

Thomas Corporation sells a unit of its product for $12.00, resulting in a contribution margin of $7.00 per unit. Fixed costs are budgeted at $50,000 per quarter for volumes up to 12,000 units and $80,000 for volumes exceeding 12,000 units. Prepare the flexible budget for the next quarter for volume levels of 11,000, 13,000, and 16,000 units.

Reference no: EM131989580

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