Question 8 3 pts The following information pertains to the month of August. As part of the budgeting process, Alloway's Fencing Company developed the following static budget for August. Alloway is in the process of preparing the flexible budget and understanding the results. Flexible Budget Sales volume (in units) Actual Results 30,000 $1,500,000 744.000 Static Budget 25.000 $1,250,000 600.000 650,000 Sales revenues Variable costs $ $ Contribution margin Fixed costs Operating profit 756,000 458.000 $ 298,000 450.000 $ 200,000 The flexible budget will report for variable costs. $744,000 $600,000 $480,000 O $720,000 Cannot be determined with the information given