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Please answer attached question. 1. (15 pts) A chair manufacturer has established the following flexible budget for the month. Sales Variable Costs Fixed Costs Profit
Please answer attached question.
1. (15 pts) A chair manufacturer has established the following flexible budget for the month. Sales Variable Costs Fixed Costs Profit 1,000 $100,000 (50,000) (20,000) $ 30,000 Units Produced and Sold 1,500 2,000 $150,000 $200,000 (75,000) (100,000) (20,000) (20,000) $ 55,000 $ 80,000 Required: a. b. c. d. What is the sales price per chair? What is the variable cost per chair? Write an equation for total costs using a flexible budget. What is the expected profit if 1,600 chairs are madeStep by Step Solution
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