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vaughn Sports sells volleyball kits that It purchases from a sports equipment distributor. The following static budget based on sales of 2,000 kits was prepared
vaughn Sports sells volleyball kits that It purchases from a sports equipment distributor. The following static budget based on sales of 2,000 kits was prepared for the year Fixed operating expenses account for 809% of total operating expenses at this level of sales. Sales Revenue Cost of goods sold (all variable 60,000 Gross margin Operating expenses Operatino income $100,200 40,280 35,170 Prepare a fled ble budget based on sales of 1,467, 2,570, and 3,840 units. (Round unit values to 2 decinal places e.g. 15.25 and ail other answers to 0 decimal places, e.g. 1525. If operating income is negative, enter amounts using a negative sign preceding the number e.g.-45 or parentheses eg, (45).) Unit 1,467 2,570 3,840 100,280s73.555.38s 128,859.80 192,537.60 LessVariable expenses Cost of goods sold 44,010.00 77,100 115,200 35,17 Operating expenses Total variable expenses Contribution margin Fixed expenses Operating income 29,545.38 51,759.807733760 2826.002.00,.3.0 750.0614.585.1135,696.32 28,136
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