Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following is a summarized master budget that w

The following is a summarized master budget that Winnipeg Company prepared for January: Sales 9,000...

60.1K

Verified Solution

Question

Accounting

image
image
The following is a summarized master budget that Winnipeg Company prepared for January: Sales 9,000 units $450,000 $270,000 18,000 288,000 Sales revenue Less variable costs: Manufacturing Selling and administrative Contribution Less fixed costs: Manufacturing Selling and administrative Operating income $162,000 72,000 27,000 99,000 $63,000 Actual results for January were as follows: Units produced and sold Selling price per unit 8,500 units $55.000 Actual results for January were as follows: 8,500 units $55.00 Units produced and sold Selling price per unit Variable costs per unit: Manufacturing Selling and administrative Total fixed costs $32.00 $1.50 $99,000 What was the flexible budget operating income (loss) for Winnipeg Company for January? $83,750. $54,000. $63,000. $59,500

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