Your answer is partially correct. Try again.

Sunland 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 80% of total operating expenses at this level of sales.

Sales Revenue		$	100,370
Cost of goods sold (all variable)			60,000
Gross margin			40,370
Operating expenses			35,220
Operating income		$	5,150

Prepare a flexible budget based on sales of 1,459, 2,820, and 3,760 units. (Round unit values to 2 decimal places e.g. 15.25 and all 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 e.g. (45).)

		Unit		1,459		2,820		3,760
Sales revenueFixed expensesOperating incomeTotal variable expensesCost of goods soldOperating expensesContribution marginVariable expenses		$		$		$		$
AddLess Fixed expensesTotal variable expensesSales revenueCost of goods soldOperating expensesContribution marginOperating incomeVariable expenses
Fixed expenses Total variable expenses Variable expenses Sales revenue Contribution margin Cost of goods sold Operating expenses Operating income
Variable expenses Contribution margin Operating income Fixed expenses Operating expenses Sales revenue Total variable expenses Cost of goods sold
Total variable expensesCost of goods soldFixed expensesOperating expensesSales revenueContribution marginOperating incomeVariable expenses		$
Operating incomeSales revenueVariable expensesFixed expensesCost of goods soldTotal variable expensesOperating expensesContribution margin		$
Fixed expensesCost of goods soldOperating expensesTotal variable expensesContribution marginSales revenueOperating incomeVariable expenses
Sales revenueTotal variable expensesCost of goods soldOperating expensesContribution marginOperating incomeVariable expensesFixed expenses				$		$		$