Mustang Manufacturing Company established the following standard price and cost data: $ 210 per unit 140 per unit 386,000 total 104,000 total Sales price Variable manufacturing overhead Fixed manufacturing cost Fixed selling and administrative cost Mustang planned to produce and sell 21,600 units. Actual production and sales amounted to 23,200 units. Required a. How much is net income in the static budget? b. How much is net income in the flexible budget? Complete this question by entering your answers in the tabs below. Required A Required B How much is net income in the static budget?

Mustang Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing overhead Fixed manufacturing cost Fixed selling and administrative cost $ 210 per unit 140 per unit 386,000 total 104,000 total) Mustang planned to produce and sell 21,600 units. Actual production and sales amounted to 23,200 units. Required a. How much is net income in the static budget? b. How much is net income in the flexible budget? Complete this question by entering your answers in the tabs below. Required A Required B How much is net income in the static budget?