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# The flexible budget at the 70,000-unit and the 80,000-unit

### Customer Question

The flexible budget at the 70,000-unit and the 80,000-unit levels of activity is shown below.

70,000 Units 80,000 Units 90,000 Units

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$1,400,000 \$1,600,000 \$

Cost of goods sold . . . . . . . . . . . . . . . . . . . . 840,000 960,000

Gross profit on sales . . . . . . . . . . . . . . . . . . . \$ 560,000 \$ 640,000 \$

Operating expenses (\$90,000 fixed) . . . . . . . 370,000 410,000

Operating income . . . . . . . . . . . . . . . . . . . . . \$ 190,000 \$ 230,000 \$

Income taxes (30% of operating income) . . . 57,000 69,000

Net income . . . . . . . . . . . . . . . . . . . . . . . . . . \$ 133,000 \$ 161,000 \$

Complete the flexible budget at the 90,000-unit level of activity. Assume that the cost of goods
sold and variable operating expenses vary directly with sales and that income taxes remain at 30 percent of op
Submitted: 4 years ago.
Category: Homework
Expert:  Neo replied 4 years ago.
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