Exercise 25-07 a-b Sheridan Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants to begin using a flexible budgeting system, rather than use only the current master budget. The following data are available for AP's expected costs at production levels of 80,000, 93,000, and 106,000 units. Variable costs Manufacturing Administrative Selling Fixed costs Manufacturing Administrative $6 per unit $4 per unit $1 per unit $148,000 $80,000 Prepare a flexible budget for each of the possible production levels: 80,000, 93,000, and 106,000 units. (List variable costs before fixed costs.) SHERIDAN INC. Flexible Production Cost Budget > $ $ $