Find the sales estimates for each level of the flexible budget. 1. Redd Corporation has prepared the following master budget: Sales revenue (for 2,000,000 units) $11,440,000 Cost of goods sold Direct materials used $5,400,000 Direct labor 2,900,000 Variable factory overhead 260,000 Fixed factory overhead 300,000 8,860,000 Gross margin $ 2,580,000 Operating expenses Variable Fixed Operating income 785,000 1,000,000 $ 250,000 Find sales estimates for unit sales 5% and 10% higher and lower than expectations