Cox Manufacturing Company prepared the following static budget income statement : Sales...
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Accounting
Cox Manufacturing Company prepared the following static budget income statement :
Sales Revenue | $125,000 |
Variable Costs | (75,000) |
Contribution Margin | 50,000 |
Fixed Cost | (30,000) |
Net income | $20,000 |
The static budget was based on an expected sales volume of 5,000 units. Actual sales volume was 6,000 units.
The budgeted amount of net income based on a flexible budget of 6,000 units would have been
| a. | $24,000. | |
| b. | $26,000. | |
| c. | $30,000 | |
| d. | $45,000. |
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