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IULULL 7 of 7 (5 complete) Score: 0 of 9 pts P10-43A (similar to) HW Score: 65.4%, 29.43 of 45 pts :3 Question Help Creative Bubbles, Inc., produces multicolored bubble solution used for weddings and other events. Click the icon to view the master budget income statement.) Creative Bubbles' plant capacity is 72,500 kits. If actual volume exceeds 72,500 kits, the company must expand the plant. In that case, salaries will increase by 10%, depreciation by 15%, and rent by $4,000. Fixed utilities will be unchanged by any volume increase. Requirements 1. Prepare flexible budget income statements for the company, showing output levels of 65,000, 70,000, and 75,000 kits. 2. Graph the behavior of the company's total costs. Use total costs on the y-axis and volume (in thousands of bubble kits) on the x-axis. 3. Why might Creative Bubbles' managers want to see the graph you prepared in Requirement 2 as well as the columnar format analysis in Requirement 1? What is the disadvantage of the graphic approach? Output Units (Kits) 70.000 65,000 75.000 Sales revenue Variable expenses: Cost of goods sold Sales commissions Utility expense Fixed expenses: Salary expense Enter any number in the edit fields and then click Check Answer. 5 parts Clear All Check Answer remaining Save Homework: HW 10 - Chapter 10 Score: 0 of 9 pts P10-43A (similar to) 7 of 7 (5 complete) HW Score: 65.4%, 29.43 of 45 pts ::Question Help 0 Data Table ut levels of 65,000, 70,000, and Creative Bubbles, Inc., produces multicolored bubble solution used for weddings and other events. (Click the icon to view the master budget income statement.) Creative Bubbles' plant capacity is 72,500 kits. If actual volume exceeds 72,500 kits, the company must expand the plant. In that case, salaries will increase by 10%, depreciation by 15%, and rent by $4,000. Fixed utilities will be unchanged by any volume increase. Month Ended July 31 axis and volume (in thousands of Sales revenue ...... $ m 188,500 din Requirement 2 as well as the he graphic approach? $ Utility expense Fixed expenses: Salary expense Depreciation expense Rent expense 81,250 19,500 3,250 Variable expenses: Cost of goods sold ....... Sales commissions Utility expense Fixed expenses: Salary expense Depreciation expense Rent expense Utility expense Total expenses 30,000 20,000 8,000 6,000 168,000 Utility expense Operating income Total expenses ......... $ Enter any number in the edit fields and then click Check Answer. Print Done 5 parts Clear Check Answer remaining