Question - Jackie makes and sells handmade beaded jewlry. She anticipates selling 100 necklaces in March and prepared the following static budget as a result:
at 100 units sales revenue $3,500
Variable costs:
Direct materials 500
Direct labor 800
Overhead 300
Fixed costs: 400
Net income $1,500
During March, Jackie actually produced and sold 120 necklaces. Prepare a flexible budget for the month of March.