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Assume Serena Co. had the following budget based on the production of 10,000 dresses: Budget Cost of Materials (variable) $150,000 Salary expense (fixed) $22,000 Total

Assume Serena Co. had the following budget based on the production of 10,000 dresses: Budget Cost of Materials (variable) $150,000 Salary expense (fixed) $22,000 Total Static (Original) Budget $172,000 Assume Serena Co. actually produced 9,800 dresses. How much would your total flexible budget (variable + fixed) be based on this information? (Round all calculations to two decimal places.)

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