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The following information is taken from the static budget income statement of the Masters Corporation: Sales = $500,000 Variable costs =250,000 Fixed costs =100,000 Net

  1. The following information is taken from the static budget income statement of the Masters Corporation:
  • Sales = $500,000
  • Variable costs =250,000
  • Fixed costs =100,000
  • Net income =$150,000

What would be the budgeted net income for a flexible budget based on sales of $600,000?

$180,000

$230,000

$250,000

$200,000

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