Question 2 ew Policies rrent Attempt in Progress Margie's Creations manufactures ceramic figurines. In planning for the coming year, the budget committee is considering three different sales targets: 5.400 figurines 6.500 igurines, and 7.600 figurines. Figurines sell for $43 each. The standard cost information for one figurine is as follows: 59 Direct materials Direct labor Variable overhead Variable operating costs Annual expected fixed overhead cost $3,670 Annual expected fred operating costs $41,400 are a flexible budget for the three sales levels under consideration unce sdies levels under consideration Cost of goods sold 5,400 Units 232200 6,500 Units 279500 7,600 Units $ 326800 Cost of goods sold Fixed cost Contribution margin Net income Operating costs Revenue 3670 3470 3670 Variable cost 41400 41400 41400 Operating costs 122130 97930 73730 Net income