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ToasToe Inc. (TI) is a manufacturer of heating elements for toaster overs. To improve control...

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ToasToe Inc. (TI) is a manufacturer of heating elements for toaster overs. To improve control over operations, the president wants to install a flexible budgeting system, rather than the single master budget being used at present. The following data are available for expected costs for production. The relevant range of production levels for fixed overhrad costs is 80,000 to 180,000 units: Variable costs: Manufacturing$9.50/unit Administrative$ 6.50/unit Selling 4.50/unit Fixed costs: Manufacturing $203,600 Administrative$115,000 Required: Prepare a flexible budget for each of the three possible sales levels: 118,000, 128,000, and 138,000 units. Each toaster oven is expected to sell for $23.20. Mocktoe Inc Flexible budget Activity toasters 128000 Cost ormula 118000 138000 (per toaster Variable costs: Administrative Manufacturin Revenues Total variable 0.00 S 0 $ costs Contribution margin Fixed costs: Administrative Grooming supplies manufacturin Total fixed costs Total costs Income from 0 operations

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