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Outdoor Outtters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of activity shown as follows. Complete Outdoor Outtters's flexible budget at
Outdoor Outtters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of activity shown as follows. Complete Outdoor Outtters's flexible budget at the 105,000-unit level of activity. Assume that the cost of goods sold and variable operating expenses vary directly with sales and that income taxes remain at 30 percent of operating income. Sales $ 1,400,000 $ 1,600,000- 840,000 960,000 _ $ 560,000 $ 640,000 370,000 410,000 $ 190,000 $ 230,000 57,000 69,000 133,000 161,000 Cost of goods sold Gross prot on sales Operating expenses ($90,000 xed) Operating income Income taxes (30% of operating income) $ Net income
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