Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget...
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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 liter of the preservative follows: Variable overhead is applied based on direct laborhours. The variable overhead rate is $ per direct laborhour. The fixed overhead rate 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. Answer is not complete. 
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 liter of the preservative follows:
Variable overhead is applied based on direct laborhours. The variable overhead rate is $ per direct laborhour. The
fixed overhead rate 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.
Answer is not complete.
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