Examlex
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of fixed and variable costs for 10,000 units are:
Net Income
The remaining income of a company after subtracting all costs and taxes from its total income.
Inventory
A collection of goods or materials a company holds for sale or production.
Consolidated Financial Statements
Financial reports that aggregate the financial position and operating results of a parent company and its subsidiaries.
Common Stock
A type of security that represents ownership in a corporation, granting the holder a share in the company's profits and losses.
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