Toyworld Manufactures and Sells a Line of Toys

question 119

Essay

Toyworld manufactures and sells a line of toys.The toys are primarily distributed through department stores.As president of Toyworld,you wanted to analyze Toyworld's profitability.Your capable assistant provided you with the following data:
Required:
a)Your assistant has requested you to complete the "Flexible Budget" and "Static/Master Budget" columns of the analysis,reproduced below (She had to attend to an out-of-town emergency):

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Definitions:

Premises

Statements or propositions that are assumed to be true and from which a conclusion is drawn in an argument.

Conclusion

The end result or outcome of an argument or a process.

Explanation

A statement or account that makes something clear by describing the causes, context, or details behind a situation or phenomenon.

Cheerleading

A dynamic activity involving performance of organized cheering, chanting, and dancing to support sports teams, entertain audiences, and compete.