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Amanda Manufacturing Company prepared the following static budget Income statement Revenues Variable Costs Contribution Margin Fixed Costs Net Income $125.000 075,000) 50,000 (30,000) $ 20.000
Amanda Manufacturing Company prepared the following static budget Income statement Revenues Variable Costs Contribution Margin Fixed Costs Net Income $125.000 075,000) 50,000 (30,000) $ 20.000 The budgeted costs were based on a planned sales volume of 5,000 units. Actual production was 6.000 units The amount of net income based on a flexible budget of 6.000 units would have been
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