Sheridan Sports sells volleyball kits that it purchases from a spors equipment distributor. The following static budget based on sales of 2,000 kits was prepared for the yesr. Fixed operating expenses account for 80% of total operating expenses at this level of sales.

Prepare a flexible budget based on sales of 1,439 2,690 and 3,680 units.

Davis, Managerial Accounting, 3e CALCULATOR PRINTER VERSION BACK NEXT Sheridan Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,000 kits was prepared for the year. Fixed operating expenses account for 80% of total operating expenses at this level of sales. Sales Revenue $100,410 Cost of goods sold (all variable) 60,200 Gross margin 40,210 Operating expenses 35,320 Operating income $ 4,890 Prepare a flexible budget based on sales of 1,439, 2,690, and 3,860 units. (Round unit values to 2 decimal places e.g. 15.25 and all other answers to o decimal places, e.g. 1525. If operating income is negative, enter amounts using a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Unit 1,439 2,690 3,860 Sales revenue . 50.21 Less Variable expenses . Operating expenses 3.53 Cost of goods sold Total variable expenses bbddll DODO bodddd Contribution margin Fixed expenses Operating income . Cannon Chn + RR DU 28 A 3 W