Jackie Makes and Sells Handmade Beaded Jewellery During March,Jackie Actually Produced and Sold 120 Necklaces

question 42

Essay

Jackie makes and sells handmade beaded jewellery.She anticipates selling 100 necklaces in March and prepared the following static budget as a result: $\begin{array}{lr} &\underline{\text { at 100 units }}\\\\ \text { Sales revenue} &\$3500\\ \text {Variable costs: } &\\ \text { Direct materials} &500\\ \text { Direct labour } &800\\ \text { Overhead } &300\\ \text { Fixed costs } &\underline{400}\\ \text { Net income} &\underline{\underline{\$1500}}\\\end{array}$

During March,Jackie actually produced and sold 120 necklaces.
Required: Prepare a flexible budget for the month of March.

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Definitions:

Ward's Capacity

The legal competence or ability of a ward (a person under the protection of a legal guardian) to act in their own interests.

Guardian with Full Powers

An individual appointed by the court to have complete responsibility for the personal and/or financial matters of a minor or legally incapacitated person.

Voidable Policy

A contract or insurance policy that can be declared invalid by one of the participating parties due to certain conditions not being met or misrepresented.

Station in Life

A term referring to one's social position or status, often considered in legal contexts to assess appropriateness of actions or compensation.