Question: In Chapter OB, we learned about Flexible Budgets. Using the FLEXIBLE BUDGET sample in Chapter 08, Section 8.1.2, Exhibit 8-3, as your guide, create a

 In Chapter OB, we learned about Flexible Budgets. Using the FLEXIBLE

In Chapter OB, we learned about Flexible Budgets. Using the FLEXIBLE BUDGET sample in Chapter 08, Section 8.1.2, Exhibit 8-3, 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 on a per unit basis - Variable Costs on a percentage of sales basis - Contribution Margin - Fixed Costs - Operating Income. This must be created and submitted in Excel with at least TWO cells containing functions/formulas doing the calculations. This is worth 20 points overall, 10 points for each level of activity. When your file is ready to submit, click on "Graded: Ch 08 Flexible Budget submitted via Blackboard" above. In the next screen, attach your file Begin a few days prior to the deadline so you can contact your instructor with questions

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