2. Sound Design sells its computer speakers for $115 per set. Its variable cost is $75 per set of speakers. Fixed costs are $80,000 per month for volumes up to 2,400 sets of speakers. Above 2,400 sets, monthly fixed costs are $115,000. What is the budgeted operating income (loss) at a sales level of 2,600 sets of speakers per month? A) Operating loss of $11,000 B) Operating income of $104,000 C) Operating income of $24,000 D) Operating income of $184,000 3. Civic Corporation provided the following partially completed monthly flexible budget. Complete the flexible budget. Flexible Budget Formula per Unit Flexible Budget for Various Levels of Volume 7,500 8,500 $23.00 $56,000 Units Sales revenue Variable expenses Fixed expenses Total expenses Operating income $80,000 15.912