Question: In Chapter 23, we learned about Flexible Budgets. Using the FLEXIBLE BUDGET sample in Chapter 23 as your guide, create a flexible budget with two

In Chapter 23, we learned about Flexible Budgets. Using the FLEXIBLE BUDGET sample in Chapter 23 as your guide, create a flexible budget with two levels of activity.

At a minimum, each level of activity in your budget should have: Sales, Variable Costs, Contribution Margin, Fixed Costs, Operating Income.

This is worth 10 points overall, 5 points for each level of activity.

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