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The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget

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The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible Static Budget Budget Sales volume (in units) 20,000 22.000 Sales revenues Variable costs $1,000,000 $ 480,000 $1,100,000 530,200 Contribution margin 520,000 569,800 Fixed costs 276,200 $ 270,600 Operating profit $243,800 $299,200 The flexible budget will report for variable costs. A. $592,774 B. $528,000 C. $482,000 D. $530,200

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