A new accounting intern at Gibson Corporation lost the only copy of .docx

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A new accounting intern at Gibson Corporation lost the only copy of this period's master budget. The CFO wants to evaluate performance for this period but needs the master budget to do so. Actual results for the period follow. Sales volume 130,000 units Sales revenue $ 728,000 Variable costs Manufacturing 160,160 Marketing and administrative 65,520 Contribution margin $ 502,320 Fixed costs Manufacturing 221,000 Marketing and administrative 115,800 Operating profit $ 165,520 The company planned to produce and sell 117,000 units for $5.00 each. At that volume, the contribution margin would have been $409,500. Variable marketing and administrative costs are budgeted at 10 percent of sales
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