Flexible Budgeting

1. Companys flexible budget for 10,000 units of production showed sales, $40,000; variable costs, $10,000; and fixed costs, $18,000. What net income is expected if the company produces produces and sells 16,000 units.

2. A companys flexible budget for 12,000 units of production showed sales, $60,000; variable costs, $24,000; and fixed costs, $30,000. What net income is expected if the company produces and sells 12,000 units?

3. A companys flexible budget for 12,000 units of production showed sales, $60,000; variable costs, $24,000; and fixed costs, $30,000. What net income is expected if the company produces and sells 13,000 units?