Son.2 Bonita Sportssels volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of2.500 kits was prepared for the year. Foxed operating expenses account for 75% of total operating expenses at this level calesSales RevenueCost of goods sold (all variable)Gross marginOperating expensesOperating incomeLesVariable pensesCost of do$ 250,000Prepare a flexible budget based on sales of 1,000 2.820, and 3.940 units. (Round unit volues to 2 decimal places eg: 15.25 and all otheranswers to O decimal places, eg 1525. If operating income is negative, enter amounts using o negative sign preceding the number -45 orparentheses eg. (451)Operating expensS145,000105,00060,00045.000Unit1001.000$2.820S

Variable in the question: Static BudgetDescription DataUnit (kits)2500Sales…

Bonita Sports ells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2.500 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level cales Sales Revenue Cost of goods sold (all variable) Gross margin Operating expenses Operating income Sales revenue Lew Y Variable pene $ 250,000 de sol S 145,000 105,000 Prepare a flexible tsudget based on sales of 1,000, 2.820, and 3.940 units. (Round unit values to 2 decimal places es 15.25 and all other answers to 0 decimal places, eg 1525. If operating income is negative, enter amounts using o negative sign preceding the number 45 or parentheses eg. (45)) 60,000 45.000 Unit 100 1.000 S 2.820 5

Bonita Sports ells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2.500 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level cales Sales Revenue Cost of goods sold (all variable) Gross margin Operating expenses Operating income Sales revenue Lew Y Variable pene $ 250,000 de sol S 145,000 105,000 Prepare a flexible tsudget based on sales of 1,000, 2.820, and 3.940 units. (Round unit values to 2 decimal places es 15.25 and all other answers to 0 decimal places, eg 1525. If operating income is negative, enter amounts using o negative sign preceding the number 45 or parentheses eg. (45)) 60,000 45.000 Unit 100 1.000 S 2.820 5

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 34BEA: Performance Report Based on Budgeted and Actual Levels of Production Bowling Company budgeted the...

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