Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. qs 23-2 flexible budget lo p1 based on predicted p

QS 23-2 Flexible budget LO P1 Based on predicted production of 24,700 units, a company...

50.1K

Verified Solution

Question

Accounting

QS 23-2 Flexible budget LO P1

Based on predicted production of 24,700 units, a company anticipates $220,000 of fixed costs and $271,700 of variable costs. If the company actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs?

------Flexible Budget------ ------Flexible Budget at ------
Variable Amount per Unit Total Fixed Cost 24,700 units 20,000 units
Variable cost
Fixed costs
Total budgeted costs $0 $0

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students