Flexible Budgets A chair manufacturer has established the following flexible budget for the month. Sales Variable Costs Fixed Costs Profit Required: Units Produced and Sold 1,000 1,500 2,000 $10,000 $15,000 $ 20,000 (5,000) (7,500) (10,000 (2,000) (2,000) (2,000 $ 3,000 $ 5,500 $ 8,000 a. What is the sales price per chair? b. What is the expected profit if 1,600 chairs are made