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Static and Flexible Budgets Graham Corporation used the following data to evaluate its...

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Accounting

Static and Flexible Budgets
Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit.
a. Prepare the actual income statement, flexible budget, and static budget.
Do not use negative signs with any of your answers below.
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