Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget. Use this information to prepare a flexible budget for 80,000 and 90,000 units of sales. Flexible Budget 100,000 80,000 90,000 53,480,000 si Sales Cost of Goods Sold Direct Material 5900,000 s Direct Labor 900,000 260,000 Variable Manufacturing Overhead Fixed Manufacturing Overhead 70,000 Cost of Goods Sold $2,130,000 $ sl Gross Profit Variable Sales and Administrative Expenses Fixed Sales and Administrative Expenses SI $1,350,000 200,000 linimdimmo 950,000 Income Before Taxes sl $200,000 60,000 Taxes Net Income/Loss $140,000