Jackie Makes and Sells Handmade Beaded Jewellery During March,Jackie Actually Produced and Sold 120 Necklaces

Essay

Jackie makes and sells handmade beaded jewellery.She anticipates selling 100 necklaces in March and prepared the following static budget as a result: $\begin{array}{lr} &\underline{\text { at 100 units }}\\\\ \text { Sales revenue} &\$3500\\ \text {Variable costs: } &\\ \text { Direct materials} &500\\ \text { Direct labour } &800\\ \text { Overhead } &300\\ \text { Fixed costs } &\underline{400}\\ \text { Net income} &\underline{\underline{\$1500}}\\\end{array}$

During March,Jackie actually produced and sold 120 necklaces.
Required: Prepare a flexible budget for the month of March.