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Lee and Company has the following financial data for February: Actual Static Budget Units Sold...

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Accounting

Lee and Company has the following financial data for February: Actual Static Budget Units Sold 10,000 12,000 Sales $1,100,000 $1,200,000 Variable Expenses ($470,000) ($480,000) Fixed Expenses ($320,000) ($400,000) Net Operating Income $310,000 $320,000 Compute the Flexible Budget Net Operating Income for the same month. A) $240,000 B) $280,000 C) $320,000

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