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Answer the following questions using the information below The actual information pertains to the month of September. As a part of the budgeting process, Twilith
Answer the following questions using the information below The actual information pertains to the month of September. As a part of the budgeting process, Twilith Fencing Company developed the following static budget for September. Twilith is in the process of preparing the flexible budget and understanding the results. Actual ResultsBudget 12,000 Flexible Static Budget 15,000 Sales volume (in units) Sales revenues Variable costs $600,000 S $750,000 360,000 07.200$ 292,800 $ 274,800 $ Contribution margin 390,000 Fixed costs Operating profit 270,000 $ 120,000 18) The flexible budget will report_ A) $245,760 B) $360,000 C) $288,000 D) $384,000 for variable costs. 19) The flexible budget will reportfor the fixed costs. A) $343,500 B) $270,000 C) $274,800 D) $216,000
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