Question 34 5 pts Note: for credit you must show your calculations for this problem. The Magenta Company has provided the following information: Planned Production: 200,000 Units Actual Production: 220,000 Units Selling price per unit $4.00 Variable cost per unit $2.00 Total fixed costs $120,000 What is the Budgeted Net Operating Income using a Flexible Budget Methodology? Edit View Insert Format Tools Table 12ptv Paragraph