Use the Following Data to Prepare a Flexible Budget for Possible

question 109

Essay

Use the following data to prepare a flexible budget for possible production levels of 5,000,5,500 and 6,000 units.Assume all levels of production are in the same relevant range.
$\begin{array} { l } \text {Sales price }&\$12.00\text {per unit } \\\end{array}$

Variable costs:
$\begin{array} { l } \text {Manufacturing }&\$6.00 \text {per unit }\\ \text {Administrative }&\$1.50\text {per unit } \\ \text {Selling }&\$0.50 \text { per unit}\\\end{array}$

Fixed costs(at 5,000 units):
$\begin{array}{ll}\text { Manufacturing } & \$ 15,000 \\\text { Administrative } & \$ 5,000\end{array}$

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Definitions:

Total Area

The entire surface area of a two-dimensional shape or the combined surface areas of all faces of a three-dimensional object.

Ratio

The quantitative relation between two amounts, showing the number of times one value is contained within the other.

Average Cost Function

A function that calculates the total cost of producing goods divided by the quantity of goods produced.

Setup Cost

The initial expenses required to start a project or establish a new production line.