Fill in the Blanks to Complete the Flexible Budget for Mammoth

question 80

Essay

Fill in the blanks to complete the flexible budget for Mammoth Company.Assume the different levels of output are in the relevant range.
$\begin{array} { l }&\text { Budget }&\text { Various Levels }\\&\text { Formula }&\text { of Output }\\&\text { Per Unit }& \text {Units }& \\&&3,000&4,000&5,000\\\text { Sales }&\$25&-&-&-\end{array}$

Variable costs:
$\begin{array} { l } \text { Manufacturing}&-&-&\$32,000&- \\\text { Administrative }&\$2.625&-&-&-&\end{array}$

Fixed costs:
$\begin{array} { l } \text { Manufacturing}&-&-&\$25,000 \\\text { Administrative }&\$23,500&-&-&\end{array}$

$\begin{array} { l } \text {Operating income }&-&-&- \\\end{array}$

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Definitions:

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A dispute or disagreement, often public, that involves differing opinions on a particular matter.

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A legal principle that dictates courts should follow precedents set in previous case law when making decisions.