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7 years ago
Kevin Couriers Company prepared the following static budget for the year:

Static Budget      
Units/Volume      5,000
   Per Unit   
Sales Revenue   $7.00   $35,000
Variable Costs   1.00   5,000
Contribution Margin      30,000
Fixed Costs      3,000
Operating Income/(Loss)      $27,000

If a flexible budget is prepared at a volume of 7,800, calculate the amount of operating income. The production level is within the relevant range.
A) $43,800
B) $27,000
C) $3,000
D) $7,800
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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