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Create a flexible budget statement

Response to the following problem:

Quail Company reports the following selected financial results for May. For the level of production achieved in May, the budgeted amounts would be sales, $650,000; variable costs, $375,000; and fixed costs, $150,000. Prepare a flexible budget performance report for May.

Sales (100,000 units) . . . . . . . $637,500

Variable costs . . . . . . . . . . . . 356,250

Fixed costs . . . . . . . . . . . . . . 150,000.

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Managerial Accounting: Create a flexible budget statement

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Managerial Accounting: Create a flexible budget statement

Reference No:- TGS02073666

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