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Iota Inc. prepared its static budget for producing 20,000 units of one of its products for the next quarter using the following cost data: Cost

Iota Inc. prepared its static budget for producing 20,000 units of one of its products for the next quarter using the following cost data: Cost Data Costs Amounts Direct materials costs $60,000 Direct labor costs $80,000 Variable Manufacturing overhead costs $100,000 Fixed costs for the quarter $35,000 A flexible budget for 25,000 units of production would show

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