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Rich & Sweet Candy Company's budgeted contribution income statement assumed it would produce and sell 5,000 units and includes the following: Total Sales Revenue $100,000
Rich & Sweet Candy Company's budgeted contribution income statement assumed it would produce and sell 5,000 units and includes the following: Total Sales Revenue $100,000 Total Variable Costs 40,000 40,000 Total Fixed Costs In preparing its flexible budget given the actual units sold was 20% greater than budgeted, its total fixed costs would equal QUESTION 10 Rich & Sweet Candy Company budgeted to produce and sell 5,000 units with its static master budget contribution margin income statement consisting of the following: Sales revenue Total variable costs $80,000 40,000 20,000 Total fixed costs The actual units produced and sold was 20% higher than it had budgeted. In preparing its flexible budget to compare to the master budget's contribution margin income statement, what would the flexible budget's contribution margin equal
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