Required 1 Required 2 Required 4 Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,830 units. b. 4,230 units. Show less Master Budget Flexible budget (a.) 3,830 Flexible budget (b.) 4.230 Units 4,000 $ 60,000 Sales Variable costs: Manufacturing 16,000 Selling and administrative 8,000 Total variable costs $ 0 $ 0 $ 24,000 $ 0 $ 0 $ 36,000 Contribution margin Fixed costs: Manufacturing 13,700 9,800 Selling and administrative Total fixed costs $ 0 $ 23,500 0 $ 0 $ Operating income $ 0 $ 12,500