Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations , the president of AP wants to begin using a flexible budgeting system, rather than use only the current master budget. The following data are available for AP's expected costs at production levels of 88,000, 102,000 , and 116,000 units

Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants to begin using a flexible budgeting system, rather than use only the current master budget. The following data are available for AP's expected costs at production levels of 88,000,102,000, and 116,000 units. (a) Prepare a flexible budget for each of the possible production levels: 88,000, 102,000, and 116,000 units. (List variable costs before fixed costs.)