Jackie makes and sells handmade beaded jewelry. She anticipates selling 100 necklaces in March and prepared the following static budget as a result:
at 100 units
sales Revenue = $3500
- Variable costs:
- Direct Materials 500
- Direct Labor 800
- Overhead 300
- Fixed Costs 400
- Net income $1500
During March, Jackie actually produced and sold 120 necklaces
Required: Prepare a flexible budget for the month of March.