Prepare flexible budgets for the company at sales volumes

Assignment Help Financial Accounting

Reference no: EM131073111

Phoenix Company's 2013 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.

PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2013
Sales		$ 3,300,000
Cost of goods sold
Direct materials	$ 915,000
Direct labor	240,000
Machinery repairs (variable cost)	45,000
Depreciation-plant equipment	315,000
Utilities ($60,000 is variable)	180,000
Plant management salaries	200,000	1,895,000
Gross profit		1,405,000
Selling expenses
Packaging	75,000
Shipping	105,000
Sales salary (fixed annual amount)	235,000	415,000
General and administrative expenses
Advertising expense	125,000
Salaries	230,000
Entertainment expense	85,000	440,000
Income from operations		$ 550,000

Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed.

eBook & Resources
eBook: Preparation of Flexible Budgets

Reference no: EM131073111

Questions Cloud

What is the excuse for this alleged crime of embezzlement : A bank teller is told to hand over the money or else. If the bank prosecutes the teller for embezzlement or larceny, what would be the excuse for this alleged crime of embezzlement?

Examines the role of court administrators with ensuring : Compose an essay of 500 - 700 words that examines the role of court administrators with ensuring that the appropriate punishment is imposed when sentencing alternatives exist. For the purposes of this question the term "court administrators" is de..

Construct the exchange table for this economy : Develop a system of equations that leads to prices at which each sector's income matches its expenses. Then write the augmented matrix that can be row reduced to find these prices.

Accenture work-life balance programs : Accenture is a global management consulting, technology services, and outsourcing company. It has over 186,000 employees with offices and operations in 200 cities within 52 countries. Accenture is headquartered in New York City

Prepare flexible budgets for the company at sales volumes : Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed.

What do you believe can be done to improve this conditions : Provide two specific areas that females have a more difficult time with incarceration in prison than males. What do you believe can be done to improve this conditions in female correctional facilities?

Would this change the problem in any way discuss : Would this change the problem in any way? Discuss.

What can you find out about this issue : There is an indication that throughout the country there are three exonerations every week of inmates convicted of a crime and then found not guilty. What can you find out about this issue?

Key competencies self-assessment inventory : The statements in this inventory describe specific knowledge/ skills/abilities that are needed to be an effective leader or professional. This inventory focuses on the individual rather than teams or the organization as a whole with respect to the..

User Account

All Pages