Caribbean Hammocks currently sells 75,000 units at $51 per unit. Its expenses are: $10 9 7 Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Variable sales and administrative expenses per unit Fixed manufacturing overhead Fixed sales and administrative expenses 2 70,000 860,000 30%* Taxes * 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 unit sales. Caribbean Hammocks Flexible Budgeted Income Statement 75,000 80,000 85,000 Sales Cost of Goods Sold