Question 4 (1 point) Dixie Co. Budgeting Income Statement Sales $ 600,000 Cost of Goods Sold $ 360,000 Gross Profit $ 240,000 $ 200,000 Selling & Admin Operating Income $ 40,000 Dixie Co. is budgeting for next year. Their initial budget is shown above and is based on 10,000 units. Product costs are 80% variable. Selling and Admin costs are 25% variable. If they wish to budget for 18,000 units, what would the new budgeted profit be? Enter as a whole number, no commas and no dollar signs. Your Answer: Answer