The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3
.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230,000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225,000. Required:
Prepare a flexible budget for Western.
There are many benefits to using folders when working with lots of files. Here are a few examples:
- You can use folders to sort your files by type, almost like drawers in a desk, so you might have folders for Music, Photographs, Documents, etc.
- You can use folders to group files together into a specific group. For example in your Photographs folder you might have a folder titled BirthdayPhotographs for all the photographs from your birthday.
- As in the example above you can nest folders to create sub-categories. Documents might include folders for Homework, Stories, Poems
- Folders can have different permissions applied to them, allowing you to keep personal files in a private folder only you can access, or secret files in a folder that doesn't show up in the normal list of folders!
Answer: Concert tickets sold for next month's performance
Explanation:
Unearned revenue is the payment received by a business for services yet to be rendered or product that has not yet been delivered to the customer. Therefore, the tickets sold for next month performance is a good example of an unearned revenue.