1. Christmas Joy Company expects to sell 700 wreaths in December 2018, but wants to plan for 150 more and 250 less than expected. The wreaths sell for $12.00 each and have variable costs of $5.00 each. Fixed costs are expected to be $1,200 for the month. Prepare a flexible budget for 450, 700, and 850 Wreaths. Christmas Joy Company Flexible Budget For the Month Ended December 31, 2018 Budget Amounts per Unit 450 700 850 Contribution Margin Fixed Costs Operating Income Sales Revenue Variable Costs