Office Plus sells its main product, ergonomic mouse pads, for $8 each. Its variable cost is $2 per pad. Fixed costs are $225,000 per month for volumes up to 75,000 pads. Above 75,000 pads, monthly fixed costs are $255,000 Requirement 1. Prepare a monthly flexible budget for the product, showing sales revenue, variable expenses, fixed expenses, and operating income or loss for volume levels of 55,000, 65,000, and 85,000 pads. Office Plus Monthly Flexible Budget Flexible Budget Output Units (Mouse Pads) per Output Unit 55,000 65,000 85,000 Sales revenue Variable expenses Fixed expenses Total expenses Operating income (loss)