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Calculate the amount of operating income

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Reference no: EM131573281

Question - Kevin Couriers Company prepared the following static budget for the year:

Static Budget

 

 

Units/Volume

 

5,000

 

Per Unit

 

Sales Revenue

$7.00

$35,000

Variable Costs

1.50

7,500

Contribution Margin

 

27,500

Fixed Costs

 

4,000

Operating Income /(Loss)

 

$23,500

If a flexible budget is prepared at a volume of 7,500, calculate the amount of operating income. The production level is within the relevant range.

Reference no: EM131573281

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