Question
The actual information pertains to the month of September. As a part of the budgeting process,...
The actual information pertains to the month of September. As a part of the budgeting process, Twilith Fencing Company developed the following static budget for September. Twilith is in the process of preparing the flexible budget and understanding the results.
Actual Flexible Static
Results Budget Budget
Sales volume (in units) 12,000 XXXX 15,000
Sales revenues $600,000 $ XXXX $750,000
Variable costs 307,200 $ ____XXXX 360,000
Contribution margin 292,800 $ XXXX 390,000
Fixed costs 274,800 $ __XXXX___ 270,000
Operating profit $ 18,000 $ XXXX $ 120,000
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