Crane 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		$	240,000
Cost of goods sold (all variable)			150,000
Gross margin			90,000
Operating expenses			60,000
Operating income		$	30,000

Prepare a flexible budget based on sales of 1,200, 2,500, and 3,500 units. (Round unit values to 2 decimal places e.g. 15.25 and all other answers to 0 decimal places, e.g. 1525. If operating income is negative, enter amounts using a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

		Unit		1,200		2,500		3,500
select an opening item Fixed expensesCost of goods soldSales revenueContribution marginTotal variable expensesOperating incomeOperating expensesVariable expenses		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select between addition and deduction LessAdd select an opening section name Total variable expensesCost of goods soldOperating incomeSales revenueOperating expensesVariable expensesFixed expensesContribution margin
select an item Sales revenueTotal variable expensesCost of goods soldOperating incomeFixed expensesOperating expensesVariable expensesContribution margin		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an item Variable expensesSales revenueFixed expensesContribution marginOperating incomeOperating expensesCost of goods soldTotal variable expenses		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a closing section name Cost of goods soldContribution marginVariable expensesFixed expensesOperating expensesSales revenueOperating incomeTotal variable expenses		$enter a total amount for this section		enter a total amount for this section		enter a total amount for this section		enter a total amount for this section
select a summarizing line for the first part Contribution marginTotal variable expensesSales revenueOperating incomeVariable expensesFixed expensesCost of goods soldOperating expenses		$enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part
select an item Fixed expensesOperating incomeCost of goods soldTotal variable expensesOperating expensesContribution marginVariable expensesSales revenue				enter a dollar amount		enter a dollar amount		enter a dollar amount
select a closing item Fixed expensesTotal variable expensesOperating expensesOperating incomeContribution marginVariable expensesSales revenueCost of goods sold				$enter a total amount for this budget		$enter a total amount for this budget		$enter a total amount for this budget