I'roblem 2 (15 points). Cronin Company provides the following information for its master budget. CRONIN...
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I'roblem 2 (15 points). Cronin Company provides the following information for its master budget. CRONIN COMPANY INFORMATION FOR MASTER BUDGET PREPARATION Salcs Price 11.00 per unit Direct Materials 3.00) per unit Direct Labor 4.25 per mit Variable Manufacturing Overhexi 0.56) peruni sciation Expense, Factory Equipment 12,000 per month Supervisors Salaries, Puchary 11.00 per month Selling Expeoses 0.25 per unit Administrative lixpenses 9.0100 per month Depreciation REQUIRED: Prepare flexible budget income statements, in good form, for the company for sales levels of 20,000 units, 25.000 units, and 30,000 units. Show approprinte supporting information and calculations
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