In Chapter 08, we learned about Flexible Budgets. Using the FLEXIBLE BUDGET sample in Chapter 08, , Section 8.1.2, Exhibit 8-3, as your guide, create a flexible budget with two levels of activity. At a minimum, each level of activity in your budget should have: Sales, Variable Costs, Contribution Margin, Fixed Costs, Operating Income. This is worth 15 points overall, 7.5 points for each level of activity. When your file is ready to submit, click on "Graded: Learning Unit 3, Ch 08 Flexible Budget" above. In the next screen, attach your file or type your submission in the space provided. If attaching a file, your submission must be in one of the following formats: Excel, Word or PDF. Begin a few days prior to the deadline so you can contact your instructor with questions