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 the information to prepare a flexible budget for 80,000 and 90,000 units of sales. Flexible Budget $3,260,000 $ $800,000 900,000 Sales Cost of Goods Sold Direct Material Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Cost of Goods Sold Gross Profit Variable Sales and Administrative Expenses Fixed Sales and Administrative Expenses Income Before Taxes 240,000 80,000 0 diji $2,020,000 $ $1,240,000 100,000 930,000 $210,000 63,000 Taxes Net Income/Loss $147,000 S