Please note the highlighted areas and all four questions. Thanks!

20) A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The sales expected if the company produces and sells 16,000 units is: A) $48,000 B) $64,000. C) $40,000 D) $24,000 E) $18,000. 21) A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The variable costs expected if the company produces and sells 16,000 units is: A) $48,000 B) $64,000 C) $40,000 D) $24,000 I E) $18,000 22) A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The contribution margin expected if the company produces and sells 16,000 units is: A) $48,000. B) S64,000. C) $40,000 D) $24,000 E) $18,000 23) A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The fixed costs expected if the company produces and sells 16,000 units is: A) $16,000 B) $64,000. C) $48.000 D) $24,000. E) $18,000. T