SENSITIVITY ANALYSIS Key Assumption Unit Sold Selling Price Direct Material Budgeted Operating income What-If Scenario Casual Deluxe Casual Deluxe Red oak Granit Dollars Change from Master Budget $600 $800 $7 $4,860,000 Master budget 50,000 10,000 Scenario 1 50,000 10,000 Scenario 2 50,000 10,000 $10 $10 582 776 $7 3,794,100 22% decrease 600 800 $7.35 $10.50 4,483,800 9% decrease Scenario 2: A 5% increase in the price per board foot of red oak and a 5% increase per square foot of granite. Present the budgeted operating income for the two scenarios