Halon Corporation estimates sales of 10,000 units for the upcoming period. At this sales volume, its budgeted income is as follows: Per Unit Total Sales 60 $600,000 Less variable costs: Manufacturing costs 30 300,000 Selling & administrative costs 10 100,000 Contribution margin 200,000 Less fixed costs: Manufacturing costs 60,000 Selling & administrative costs 100,000 Net Income $40,000 During the period, the company actually produced and sold 11,000 units. A flexible budget based on 11,000 units was prepared. Select the correct statement below. Question 37 options: Selling and administrative costs in the budget are $1 10,000 O The Sales in the flexible budget are $660,000 Variable manufacturing costs in the budget are $400,000 The flexible budget net income is $40,000