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Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2.500 kits was prepared

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Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2.500 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales Revenue Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 240,000 180,000 60,000 50.000 $ 10,000 Prepare a flexible budget based on sales of 1,280, 2,860, and 3.780 units. (Round unit values to 2 decimal places e.g. 15.25 and all other answers to o decimal places, eg. 1525. If operating income is negative, enter amounts using a negative sign preceding the number e.g.-45 or parentheses e... (45).) Unit 1.280 2,860 $ 3,780 $ $ $ $ $ $

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