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Discussion Question - Complete the required budget showing all work. Discuss the actual results to the static budget report and the flexible budget report. Explain the differences and the advantage of the flexible budget report.

Erin McKenna's Bakery expects to produce (bake) 25,000 cupcakes each month in the fourth quarter (October, November, and December). The direct materials cost varies with the production. The direct materials coat per cupcake is $0.75 (75 cents). Prepare a Direct Materials Budget at this level of production. Assume that production was actually $19,900 for 27,000 cupcakes. Prepare a comparison of the static DM Budget and the actual DM results. Then compare the actual cost to a flexible DM Budget at the actual production of 27,000 cupcakes.

Present these comparisons in budget form and then explain the differences and the advantage of the flexible budget report. Please find attached a suggested workbook for the budget.

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