Great Bubbles, Inc. produces multicolored bubble solution used for weddings and other events. The company sold 60,000 bubble kits during December, and its actual operating income was as follows: E (Click the icon to view the actual income statement.) The company's flexible budget income statement for December follows: (Click the icon to view the flexible budget income statement.) Read the requirements. Flexible Budget Volume Actual Flexible Master Budget Variance Variance Budget Output units Sales revenue Var ple expenses: Cost of goods sold Sales commissions expense Utility expense Fixed expenses: Salary expense Depreciation expense Rent expense Utility expense Total expenses Operating income Choose from any list or enter any number in the input fields and then continue to the next question. Data Table Great Bubbles, Inc. Flexible Budget Income Statement Great Bubbles, Inc. Month Ended December 31 Income Statement Flexible lume Month Ended December 31 Budget ianc 194,100 per Output Sales revenue Unit Output Units (Kits) Variable expenses: 55,000 60,000 65,000 2$ Cost of goods sold 75,100 $ 170,500 $ 186,000 $ 201,500 Sales commissions 16,000 Sales revenue 3.10 Utility expense 6,000 Variable expenses: Fixed expenses: Cost of goods sold 1.25 68,750 75,000 81,250 Salary expense 32,200 Sales commissions 0.25 13,750 15,000 16,250 Depreciation expense 20,000 Utility expense 6,000 0.10 5,500 6,500 Rent expense 14,650 Fixed expenses: 7,000 Utility expense Salary expense 30,000 30,000 33,000 170,950 Depreciation expense 20,000 20,000 23,000 Total expenses Rent expense 23,150 19,000 15,000 15,000 Operating income 7,000 7,000 7,000 Utility expense Print Done Great Bubbles, Inc. produces multicolored bubble solution used for weddings and other events. The company sold 60,000 bubble kits during December, and its actual operating income was as follows: E (Click the icon to view the actual income statement.) The company's flexible budget income statement for December follows: (Click the icon to view the flexible budget income statement.) Read the requirements. Flexible Budget Volume Actual Flexible Master Budget Variance Variance Budget Output units Sales revenue Var ple expenses: Cost of goods sold Sales commissions expense Utility expense Fixed expenses: Salary expense Depreciation expense Rent expense Utility expense Total expenses Operating income Choose from any list or enter any number in the input fields and then continue to the next question. Data Table Great Bubbles, Inc. Flexible Budget Income Statement Great Bubbles, Inc. Month Ended December 31 Income Statement Flexible lume Month Ended December 31 Budget ianc 194,100 per Output Sales revenue Unit Output Units (Kits) Variable expenses: 55,000 60,000 65,000 2$ Cost of goods sold 75,100 $ 170,500 $ 186,000 $ 201,500 Sales commissions 16,000 Sales revenue 3.10 Utility expense 6,000 Variable expenses: Fixed expenses: Cost of goods sold 1.25 68,750 75,000 81,250 Salary expense 32,200 Sales commissions 0.25 13,750 15,000 16,250 Depreciation expense 20,000 Utility expense 6,000 0.10 5,500 6,500 Rent expense 14,650 Fixed expenses: 7,000 Utility expense Salary expense 30,000 30,000 33,000 170,950 Depreciation expense 20,000 20,000 23,000 Total expenses Rent expense 23,150 19,000 15,000 15,000 Operating income 7,000 7,000 7,000 Utility expense Print Done