Managerial Accounting Assignment- (Strictly accounting background)

3. Phoenix Company’s 2019 master budget included the following fixed budget report. It is based

on an expected production and sales volume of 15,000 units.

a. Classify all items listed in the fixed budget as variable or fixed. Also determine their amounts per unit or their amounts for the year, as appropriate.

b. Identify the unit variable costs in the format of variable costing, according to your findings in part a

c. Organize a template for variable costing income statements in which the sales volume is a variable. Test your template for 15,000 units sales volume to see if you get the same income as stated above

d. Find the breakeven point and provide the income statement at break even e. Provide income statement at sales volume 12,000, 14,000, 16,000, and 18,000

1. Provide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used. Provide a variable costing income statement in which variable overhead is divided among different activities, and that each activity has its own predetermined variable overhead criterion. Explain your example in detail and provide in-text citations.

Please explain your work in detail and provide in-text citations. Include the initial situation and the initial assumptions in your answers. At least 5 references are required among which one should be the textbook as source of the data.

*Please refer to the Grading Criteria for Comprehensive Learning Assessments (CLAs) in the University Policies for specific guidelines and expectations.

CLA2 Comprehensive Learning Assessment (CLA 2) Presentation