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The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budget for August. Shelley

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The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budget for August. Shelley Company is in the process of preparing the flexible budget and understanding the results. Flexible Budget Sales volume in units) Actual Results 30.000 $1,500,000 744.000 Static Budget 25,000 $1.250,000 600.000 Sales revenues Variable costs Contribution margin 756,000 $ 650,000 Fixed costs 458.000 $298.000 $ $ 460.000 $ 190,000 Operating profit The flexible budget will report for variable costs 5744.000 1600,000 5400,000 1720.000 Cannot be determined with the information given

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