SevedBlossom, Inc. prepared the following master budget items for July:Prodution and salesVarole manufacturing costs:20,000 unitsDirect materialsDirect laborVariable manufacturing overheadFixed manufacturing costs$ 20,000$ 44,000$ 30,000$160,000Total manufacturing costs$254,000During July, Blossom actually sold 26,000 units. Prepare a flexible budget for Blossom based on actual sales. (Do nat round yourintermediate calculations.)unitsProduction and SalesVariable Manufacturing Costs:Direct MaterialsDirect LaborVariable Manufacturing OverheadFixed Manufacturing CostsTotal Manufacturing Costs

Answer) Flexible Budget Production and Sales 26,000 units…

Seved Blossom, Inc. prepared the following master budget items for July: Produ tion and sales Var le manufacturing costs: 20,000 units Direct materials $ 20,000 $ 44,000 $ 30,000 $160,000 $254,000 Direct labor Variable manufacturing overhead Fixed manufacturing costs Total manufacturing costs During July, Blossom actually sold 26,000 units. Prepare a flexible budget for Blossom based on actual sales. (Do not round your intermediate calculations.)

Seved Blossom, Inc. prepared the following master budget items for July: Produ tion and sales Var le manufacturing costs: 20,000 units Direct materials $ 20,000 $ 44,000 $ 30,000 $160,000 $254,000 Direct labor Variable manufacturing overhead Fixed manufacturing costs Total manufacturing costs During July, Blossom actually sold 26,000 units. Prepare a flexible budget for Blossom based on actual sales. (Do not round your intermediate calculations.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 3PB: TIB makes custom guitars and prepared the following sales budget for the second quarter It also has...

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