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The actual information pertains to the month of June. As part of the budgeting process, Colonial Fencing Company developed the following static budget for

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The actual information pertains to the month of June. As part of the budgeting process, Colonial Fencing Company developed the following static budget for September. Colonial is in the process of preparing the flexible budget and understanding the results. Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit Actual Results 17,000 Flexible Budget Static Budget 22,500 $670,000 $ $675,000 256,000 300,000 $414,000 $ $375,000 237,000 238,000 $177,000 $137,000 The flexible budget for sales revenues will be? A. $510,000 B. $697,500 C. $675,000 D. $670,000

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