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Scenario: Oak Grove, Inc., reports the following information concerning operations...

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Accounting

Scenario:
Oak Grove, Inc., reports the following information concerning operations for the most recent month. There are no inventories.
Actual (based on actual of 1080 units) Master Budget (based on budgeted 1,200 units)
Sales revenue $176,640 $192,000
Less manufacturing costs
Direct labor 27,264 28,800
Materials 23,040 26,880
Variable overhead 15,744 19,200
Marketing 10,076 11,520
Administrative 9,600 9,600
Total variable costs $85,824 $96,000
Contribution margin $90,816 $96,000
Fixed costs
Manufacturing 9,380 9,600
Marketing 19,968 19,200
Administrative 19,122 19,200
Total fixed costs $ 48,420 $48,000
Operating profits $ 42,396 $48,000
REQUIRED
Prepare a flexible budget for Oak Grove, Inc.

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