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Static budget Activity level (in units) 600 units Sales $60,000 Variable costs: Materials Labour Fixed costs: Supervision $12,000 $9,000 $15,000 Total variable and fixed costs

Static budget Activity level (in units) 600 units Sales $60,000 Variable costs: Materials Labour Fixed costs: Supervision $12,000 $9,000 $15,000 Total variable and fixed costs $36,000 Net income $24,000 Required: Complete the flexible budget income statement for March for actual production of 550 units. (4 r

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