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Reference: Survey of Accounting 6th edition Book Based on Chapter 15 Multiple Choice The cost accountant for Carlos Candies, Inc. prepared the following static budget

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Reference: Survey of Accounting 6th edition Book

Based on Chapter 15

Multiple Choice

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The cost accountant for Carlos Candies, Inc. prepared the following static budget based on expected activity of 5,000 units: Revenues $ 164, 090 Variable Costs (122, 500) Contribution Margin 41, 500 Fixed Costs (25, 500) Net Income $ 16,000 If Carlos actually produced 3,700 units, the flexible budget would show fixed costs amounting to

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