A company manufactures large beach umbrellas and sells them to resorts and hotels. The company prepared the following manufacturing overhead budget based on production of 10,000 umbrellas. At the end of the period, due to increased demand, the company has produced and sold 12,000 umbrellas. What amount will be reported on the flexible budget? *

1 point

$2,640,000

$1,680,000

$2,200,000

$2,404,000