Sales Revenue$100,120Cost of goods sold (all variable) 60,400Gross margin39,720Operating expenses 35,200Operating...
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Accounting
Sales Revenue$100,120Cost of goods sold (all variable)
60,400Gross margin39,720Operating expenses
35,200Operating income$4,520
Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,000 kits was prepared for the year. Fixed operating expenses account for 80% of total operating expenses at this level of sales. Prepare a flexible budget based on sales of 1,467, 2,610, and 3,850 units.
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