Infinity Clock Company prepared the following static budget for the year. Static Budget Units/Volume 5,000...
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Accounting
Infinity Clock Company prepared the following static budget for the year. Static Budget Units/Volume 5,000 Per Unit Sales Revenue $3 $15,000 Variable Costs 1.5 7,500 Contribution Margin 7,500 Fixed Costs 4,000 Operating Income (Loss) $3,500 If a flexible budget is prepared at a volume of 8.700 units, calculate the amount of operating income. The production level is within the relevant range A. $13,050 B. $3,500 C. $4,000 D. $9,050
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