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Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following...

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Accounting

Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,000 kits was prepared for the year. Fixed operating expenses account for 80% of total operating expenses at this level of sales.

Sales Revenue $ 100,000
Cost of goods sold (all variable)

60,000
Gross margin 40,000
Operating expenses

35,000
Operating income $ 5,000

image

Prepare a flexible budget based on sales of 1,500, 2,500, and 3,500 units. (Round unit values to 2 decimal places e.g. 15.25 and all other answers to 0 decimal places, e.g. 1525. If operating income is negative, enter amounts using a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Unit 1,500 2,500 3,500 Sales revenue 50 7500 125000 175000 Le T Variable expenses Variable expenses 45000 25000 105000 T Operating expenses A 3.5 T 5250 T 8750 T 12250 T Total variable expenses A 33.5 502501 83750 117250 Contribution margin A -30 -30 -5250 41250 57750 Fixed expenses 28000 28000 28000 T Operating expenses -33250 13250 29750 Click if you would like to Show Work for this question: Open Show Work

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