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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 =

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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