Plush leather seats, selectable driving modes, executive-class seating, and more make the Lexus LS one of the most comfortable cars on the road. Climate Concierge, a Mark Levinson surround-sound system, and available rear entertainment are just some of the goodies available on this model.
What are total budgeted production costs for the year? (CIA adapted) $2,180,000 Brown Company has developed the following sales projections for the calendar year: Normal cash collection experience has been that 50% of sales is collected during the month of sale and 45% in the month following sale. The remaining 5% of sales are never collected).
Actual revenue is higher than budgeted revenue. Based on a predicted level of production and sales of 12,000 units, a company anticipates reporting operating income of $26,000 after deducting variable costs of $72,000 and fixed costs of $10,000. $10,000 of fixed costs and $90,000 of variable costs.