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Paynesville Corporation manufactures and sells a preservative used in food and...

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Accounting

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Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventoties. The master budget calis for the company to manufacture and sell 130.000 liters at a budgeted price of $300 per liter this yeat. The standard direct cost sheet for one liter of the preservative follows. Variable overhead is applied based on direct labor hours. The vatiable overhead rate is $170 per direct-fabor hour, The fived overhead rate (at the master budget level of activity) is $85 per unit. All non-manufacturing costs are fixed and are budgeted at $27 million for the coming year, At the end of the year, the costs analyst reported that the sales activity variance for the year was $900,000 unfavorable. Required Prepare a flexble buoget for Paynesville for the year, (Enter your answers in thousands of dollars.)

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