! Required information Use the following information for the Quick Study below. (Algo) (The following information applies to the questions displayed below.) The fixed budget for 20,500 units of production shows sales of $533,000; variable costs of $61,500; and fixed costs of $140,000 QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 27,800 units, calculate the flexible budget income. ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount Total Fixed Cost 20,500 units 27,800 units per Unit Contribution margin