On a piece of scrap paper prepare a flexible budget for 5000, 6000, and 7000 units of output. Use the following data variable costs: Direct labor $4.00, Direct materials $2.00, and overhead $3.00

Budgeted fixed overhead $40,000

Budgeted variable cost for 5000 units is

$63,000

$45,000

$54,000

None of the above