A company manufactures and sells a single product. Next year the budgeted total fixed production costs are $480,000, budgeted sales are 24,000 units and budgeted production is 25,000 units. The budgeted profit for next year using absorption costing principles is $57,500. What is the budgeted profit for next year using marginal costing principles? O $38,300 0 $37,500 O $76,700 O $77,500