Alaska Company expressed the total expenses (Y) component of its master budget for February with the cost formula Y = $100,000 $40 * X, where X represents the expected number of units of its only product to be manufactured and sold. The budgeted average selling price per unit was $65 for budgeted sales volume 5,000 units. Reported actual results for February were as follows: Sales 5,400 units Sales revenue $324,000 Less variable costs $194,400 Contribution margin $129,600 Less fixed expenses $102,000 Operating income $27,600 TB 09-92 What was the master budget operating income ... What was the master budget operating income for February? Multiple Choice $23,000 $33,000 $25,000 $35,000