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As a part of the budgeting process, Ordinary Furniture Company developed the following static budget and recorded actual results for the month of May.
As a part of the budgeting process, Ordinary Furniture Company developed the following static budget and recorded actual results for the month of May. Ordinary Furniture is now in the process of preparing the flexible budget and understanding the results. Actual Remal to Hexible Static Budget Bodget Sales volume (in units) 18,000 2:31,000 Sales venues $900,000 $ $1,150,000 Variable costs 360.000 $ 463,910 Contribution mangin 540,000 5 68,090 Fixed costs 27300 $ Operating profit 1264200 $ The flexible budget will report. your final answer to the nearest dollar.) 200,500 5416990 for variable costs. (Round any intermediate calculations to the nearest cent, and round O $363,060 09 O $460,000 $592,774
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