Exercise 16-38(Static) Flexible Budget (LO 16-2) Golden Food Products produces special-formula pet food....
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Exercise Static Flexible Budget LO Golden Food Products produces specialformula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell cases at a budgeted price of $ per case this year. The standard direct cost sheet for one iter of the preservative follows: Direct materials Direct labor pounds@$ hours@$ $ Variable overhead is applied based on direct laborhours. The variable overhead rate is $ per direct laborhour. The fixed overhead cate at the master budget level of activity is $ per unit. All nonmanufacturing costs are fixed and are budgeted at $ million for the coming year. At the end of the year, the costs analyst reported that the sales activity variance for the year was $ favorable. Required: Prepare a flexible budget for Golden Food Products for the year. Note: Enter your answers in thousands of dollars. 
Exercise Static Flexible Budget LO
Golden Food Products produces specialformula pet food. The company carries no inventories. The master budget calls for the
company to manufacture and sell cases at a budgeted price of $ per case this year. The standard direct cost sheet for one
iter of the preservative follows:
Direct materials
Direct labor
pounds@$
hours@$
$
Variable overhead is applied based on direct laborhours. The variable overhead rate is $ per direct laborhour. The fixed overhead
cate at the master budget level of activity is $ per unit. All nonmanufacturing costs are fixed and are budgeted at $ million for the
coming year.
At the end of the year, the costs analyst reported that the sales activity variance for the year was $ favorable.
Required:
Prepare a flexible budget for Golden Food Products for the year.
Note: Enter your answers in thousands of dollars.
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