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Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (8,500 units) Variable costs Contribution margin Fixed costs
Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (8,500 units) Variable costs Contribution margin Fixed costs Net income $17,000 4,250 $12,750 4,250 $ 8,500 If actual production totals 8,900 units, the flexible budget would show total costs of: Multiple Choice $4,450. $8,700. $4,350. None of these is correct.
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