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Canon Corporation had the following static budget at the beginning of the company's accounting period: Revenue (9,500 units) $ 19,000 Variable costs 4,750 Contribution margin
Canon Corporation had the following static budget at the beginning of the company's accounting period:
| Revenue (9,500 units) | $ | 19,000 | |
| Variable costs | 4,750 | ||
| Contribution margin | $ | 14,250 | |
| Fixed costs | 4,750 | ||
| Net income | $ | 9,500 | |
If actual production totals 9,900 units, the flexible budget would show total costs of:
A. $4,950.
B. $9,700.
C. $4,850.
D. None of these is correct.
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