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Portobello Company prepared the following planning budget for the coming month: Planning Budget Units/volume 5,000 4,000 Per Unit Sales revenue $3.00 $15,000 Variable expenses $1.80

Portobello Company prepared the following planning budget for the coming month:

Planning Budget

Units/volume

5,000

4,000

Per Unit

Sales revenue

$3.00

$15,000

Variable expenses

$1.80

9,000

Contribution margin

6,000

Fixed expenses

5,000

Operating income/(loss)

$1,000

If a flexible budget was prepared at a volume of 4,000, how much would the operating income be?

You can do your calculations in the blank column above.

Group of answer choices

$1,000

($200)

$2,200

$500

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