The following static budget was estimated for sales of units. Sales are higher
than expected and managmenet needs to revise its budget. Prepare a flexible budget
for units in sales
Use the following:
Unit Sales
Sales Revenue $
Cost of Goods Sold:
Direct Material
Direct Labor
Variable Manufacturing Overhead
Fixed Manufacturing Overhead
Total Cost of Goods Sold
Gross Profit $
Variable Sales and Administrative Expense
Fixed Sales and Administrative Expense
Income Before Taxes
Tax Benefit Expense
Net Income Loss $
Use tax rate of
Subtract your income tax expense to get net income.
