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Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (10, 100 units) Variable costs Contribution margin Fixed

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Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (10, 100 units) Variable costs Contribution margin Fixed costs Net income $20,200 5,050 $15,150 5,050 $10,100 If actual production totals 10,500 units, the flexible budget would show total costs of Multiple Choice $5,250. $10,300. $5,150

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