Exercise 16-24 (Static) Flexible Budget (LO 16-2) Use the given data shown in the graph. Costs Master budget $ 120,000 Flexible budget line nces $ 80,000 Actual costs $ 40,000 8,000 units Actual activity 10,000 units Planned activity Activity per month Required: a. What is the budgeted fixed cost per period? b. What is the budgeted variable cost per unit? c. What is the value of F(that is, the flexible budget for an activity level of 8,000 units)? d. What is the flexible budget cost amount of the actual activity had been 16,000 units? Required: a. What is the budgeted fixed cost per period? b. What is the budgeted variable cost per unit? c. What is the value of F(that is, the flexible budget for an activity level of 8,000 units)? d. What is the flexible budget cost amount if the actual activity had been 16,000 units? a b. Budgeted fixed cost Budgeted variable cost Value of F F Flexible budget cost C. per unit d