Please provide flexible budgets for each of the four options (18,000, 20,000, 22,000, or 24,000 units). Please also use the contribution margin format. Thank you!

Chapter 23 team discussion problem - Team 7 From ACCT&.203 - 1070 The chapter 23 team discussion problem is shown below. Individually complete a contribution margin income statement in good form for Kodiak Company at one of the possible activity levels (18,000,20,000, 22,000, or 24,000 units). Be sure to show all calculations in detail for full credit. IMPORTANT INSTRUCTIONS: 1. Navigate to your Group Homepage and use your Group's Announcement tool to decide among your teammates who will work on which part [one of the four activity scenarios: 18,000, 20,000, 22,000, or 24.000 units). Teams with three members will complete three activity scenarios, while teams with four members will complete all four. 2. Once your roles are agreed, post your solution to your part in your group's Discussion forum. For full credit, be sure to type or paste your solution directly into the reply box (no attachments, please), and provide detailed and constructive feedback to your teammates. The deadline for providing feedback is 24 hours after the assignment deadline. Chapter 23 team problem Kodiak Company provides the following data developed for its master budget: Sales price $11.00 per unit Costs Direct materials $3.00 per unit Direct labor $4.75 per unit Variable overhead $0.50 per unit Factory depreciation ........ $12,000 per month Supervision $13,000 per month Selling expense $0.25 per unit Administrative cost $9,000 per month Required: Prepare flexible budgets for sales of 18,000, 20,000, 22,000, and 24,000 units. Use the contribution margin format