15. Texine Enterprises has prepared the following budget for next period, when it expects to sell 40,000 units:

Cost of goods sold is 30% fixed and 70% variable. Operating expenses are 50% fixed and 50%
variable.
Find sales revenues and variable costs for a flexible budget for unit sales 10% and 20% above and below expectations.

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Sales revenue Cost of goods sold Gross margin Operating expenses Operating income $10,920,000 8,240,000 $ 2,680,000 1,360,000 $ 1,320,000