#4. Magnet Technologies manufactures refrigerator magnets for companies as promotional items. The company's July 2019 Flexible But shows output levels of 3,000, 5,000 and 7,000 units. The static budget was based on 5,000 units Budget Formula $40 $191 Units Sales Variable Expenses Contribution Margin Fixed Expenses Net Income 3,000 $120,000 $57,000 $63,000 5,000 $200,000 $95,000 $105,000 $32,000 $73,000 7,000 $280,000 $133,000 $147,000 $32,000 $115,000 $31,000 #4. Magnet Technologies manufactures refrigerator magnets for companies as promotional items. The company's July 2019 Flexible But shows output levels of 3,000, 5,000 and 7,000 units. The static budget was based on 5,000 units Budget Formula $40 $191 Units Sales Variable Expenses Contribution Margin Fixed Expenses Net Income 3,000 $120,000 $57,000 $63,000 5,000 $200,000 $95,000 $105,000 $32,000 $73,000 7,000 $280,000 $133,000 $147,000 $32,000 $115,000 $31,000