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Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,500 kits was

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Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,500 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales Sales Revenue Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 250,000 160,000 90,000 60,000 30.000 Prepare a flexible budget based on sales of 1.200, 3,000, and 4,000 units. (Round unit values to 2 decimal places eg 15.25 and all other answers to O decimal places, eg. 1525. If operating income is negative, enter amounts using a negative sign preceding the number eg-45 or parentheses e.g. (45)) Sales revenue Unit 1.200 3.000

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