Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Actual (based on actual orders for 450,000 units) Master Budget (based on budgeted orders for 480,000 units) Sales revenue $ 4,972,000 $ 4,800,000 Less Variable costs Materials 1,680,000 1,680,000 Direct labor 250,000 312,000 Variable overhead 675,900 624,000 Variable marketing and administrative 445,000 456,000 Total variable costs $ 3,050,900 $ 3,072,000 Contribution margin $ 1,921,100 $ 1,728,000 Less Fixed costs Manufacturing overhead 913,400 885,000 Marketing 281,000 281,000 Administrative 198,000 176,000 Total fixed costs $ 1,392,400 $ 1,342,000 Operating profits $ 528,700 $ 386,000 Required: Prepare a flexible budget for Osage, Inc.

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

What is the sequence of events that could lead to trade surplus