Before the year began the following static budget was developed for the estimated sales of 100.000 Sales are sluggish and management needs to revisits budget Use this information to prepare a flexible budget for 80.000 and 90.000 units of sales. 30.000 90.000 $ Flexible Budget 100,000 Sales $3.290,000 $ Cost of Goods Sold Direct Material $800,000 Direct Labor 900.000 Variable Manufacturing Overhead 250,000 Food Manufacturing Overhead 70.000 Cost of Goods Sold $2020,000 $ Gross Profit $1,270,000 $ Variable Sales and Administrative Expenses 100,000 Fixed Sales and Administrative Expenses 950.000 Income Before Taxes $220.000 Dmib Taxe Net Incoma/Loss