Reflector Glass Company prepared the following static budget for the year: Static Budget Units/Volume 5,000 Per Unit Sales Revenue $7.00 $35,000 Variable Costs 1.50 7,500 Contribution Margin 27,500 Fixed Costs Operating Income/(Loss) 3,000 $24,500 If a flexible budget is prepared at a volume of 7,500 units, calculate the amount of operating income. The production level is within the relevant range. A. $3,000 0 B. $24,500 C. $11,250 D $ 250