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Bramble Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of
kits was prepared for the year. Fixed operating expenses account for of total operating expenses at this level of sales.
Sales Revenue
Cost of goods sold all variable
Gross margin
Operating expenses
Operating income
$
Prepare a flexible budget based on sales of and units. Round unit values to decimal places eg and all other
answers to decimal places, eg If operating income is negative, enter amounts using a negative sign preceding the number eg or
parentheses eg
Fixed expenses
Operating income
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