Av E s tev avs, Normal No Spacing Heading 1 Heading 2 Dixie Co. Budgeting Income Statement Sales Cost of Goods Sold Gross Profit Selling & Admin Operating Income $ $ $ $ $ 600,000 360,000 240,000 200,000 40,000 Q1: Dixie Co. is budgeting for next year. Their initial budget is shown above and is based on 10,000 units. Product costs are 75% variable. Selling and Admin costs are 25% variable. If they wish to budget for 22,000 units, what would the new budgeted profit be? 122 Buddy Co. Income Statement Budget Number of Units one 3,000 Sales $12.00 $36,000 Variable Product Cost 6.00 18.000 Variable Selling & Admin 2.00 6,000 Contribution Margin 4.00 12,000 Fixed Product Cost 1.50 4,500 Fixed Selling & Admin 0.75 2,250 Operating Income 1.755 ,250 Buddy Co. is budgeting for next year. Their initial budget is shown above. If they wish to budget for 6,000 units, what would the new budgeted profit be