1) True Blue Company provides the following data developed for its master budget:

Sales price	$12.00 per unit
Costs:
Direct materials .	$3.24 per unit
Direct labor	$4.75 per unit
Variable overhead .	$0.50 per unit
Factory depreciation .	$12,000 per month
Supervision	$14,000 per month
Selling expense ..	$0.25 per unit
Administrative cost	$8,000 per month

Required:

Prepare flexible budgets for sales of 20,000, 22,000 and 24,000 units. Use a contribution margin format.

Flexible budget Dec 31st 2022 \begin{tabular}{|c|c|c|c|} \hline \begin{tabular}{c|c|c|} Variable \\ amt per \\ unit \end{tabular} & & \multicolumn{1}{|c|}{Flexiblebudget} \\ \hline & 20,000 units & 22,000 units & 24,000 units \\ \hline \end{tabular} Variable cost: Direct material Direct labor Variable overhead Variable selling expenses Total variable cost Contribution margin Fixed cost: Fixed overhead Operating expenses Total fixed cost Income from operations