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The fixed budget for 40,000 units of production shows sales of $800,000; variable costs of $160,000; and fixed costs of $300,000. If the company actually

The fixed budget for 40,000 units of production shows sales of $800,000; variable costs of $160,000; and fixed costs of $300,000. If the company actually produces and sells 52,000 units, the flexible budget income is $532,000. True or False?

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