Help please! The actual information pertains to the month of June. As...
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Accounting
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The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Actual Flexible Static Results Budget Budget Sales volume (in units) 18,000 23,000 Sales revenues $900,000 $ $1,150,000 Variable costs 360.000 $ 463.910 Contribution margin 540,000 $ 686,090 Fixed costs 275,300 $ _ 269.500 Operating profit $264,700 $ $416,590 The flexible budget will report for variable costs. $592,774 $363,060 5463,910 5460,000
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