do fast. The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budgetfor August. Shelley Company is in the process of preparing the flexible budget and understanding the results.ActualFlexibleStaticResultsBudectBudgetSales volume (in units)40,00060,000Sales revenues$1,000,000Variable costs780.000$1,200,0001.125.000Contribution margin220,000750,000Fixed costsOperating profit158.000$62,00020.000$5,000The flexible budget will report,for variable costsO $900,000$750,000O $600.000O $780.000O $480,000Question 13hp3.3 pts

Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budget for August. Shelley Company is in the process of preparing the flexible budget and understanding the results. Actual Flexible Results Sales volume (in units) Budect Static Budget 40,000 60,000 Sales revenues $1,000,000 Variable costs 780.000 Contribution margin 220,000 $1,200,000 1.125.000 750,000 Fixed costs 158.000 Operating profit $62,000 20.000 $5,000 The flexible budget will report, O $900,000 $750,000 O $600.000 O $780.000 O $480,000 Question 13 for variable costs 3.3 pts

The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budget for August. Shelley Company is in the process of preparing the flexible budget and understanding the results. Actual Flexible Results Sales volume (in units) Budect Static Budget 40,000 60,000 Sales revenues $1,000,000 Variable costs 780.000 Contribution margin 220,000 $1,200,000 1.125.000 750,000 Fixed costs 158.000 Operating profit $62,000 20.000 $5,000 The flexible budget will report, O $900,000 $750,000 O $600.000 O $780.000 O $480,000 Question 13 for variable costs 3.3 pts

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12PA: Before the year began, the following static budget was developed for the estimated sales of 100,000....

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