Carbbean Hammocks currently sells 75,000 units at $51 per unit. Its expenses are Direct materials per unit $9 9 8 Direct labor per unit Variable manufacturing overhead per unit Variable sales and administrative expenses per unit Fixed manufacturing overhead Fixed sales and administrative expenses Taxes 2 76,000 850,000 30% of income before taxes Management believes it can increase sales by 5,000 units for every $5 decrease in sales price. It also believes the additional sales will allow a decrease in direct material of $1 for each additional 5.000 units Prepare a flexible budgeted Income statement for 75,000, 80,000, and 85,000 unt sales Caribbean Hammocks Flexible Budgeted Income Statement 75,000 80,000 85,000 Cost of Goods Sold