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EXERCISES-SERIES B Exercise 8-1B Preparing master and flexible budgets Imboden Manufacturing Company established the following standard price and cost data: LO 8-1 $15 per unit $7 per unit Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $32,500 total $24,000 total Imboden planned to produce and sell 18,000 units.It actually produced and sold 19,000 units