Question: Major Inc manufactures travel locks The budgeted selling price is
Major, Inc. manufactures travel locks. The budgeted selling price is $15 per lock, the variable cost is $10 per lock, and budgeted fixed costs are $12,000 per month. Prepare a flexible budget for output levels of 3,000 locks and 10,000 locks for the month ended April 30, 2016.
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