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Consider the following information: Planning Actual Budget Results Sales-Total $s $ 60,000 $ 53,760 Variable expenses $ 48,000 $ 40,320 Contribution margin $ 12,000 $

Consider the following information: Planning Actual Budget Results Sales-Total $s $ 60,000 $ 53,760 Variable expenses $ 48,000 $ 40,320 Contribution margin $ 12,000 $ 13,440 Fixed expenses $ 10,000 $ 12,000 Net income $ 2,000 $ 1,440 NOTE: Planned sales were 5.000 units. Actual sale price $11.20 Compute Net Income (or Net Loss) for the Flexible Budget O Net loss $2.320 O Net income $1.520 O Net loss $480 O Net income $5.280 O None of the other answers are correct 30 pr

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