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Children Toys Limited makes and sells a single product. The company employs a flexible budgeting system that covers a relevant range from 25,000 units to 30,000 units and a just in time inventory system. Budget data for April, based on 27,000 units, are as follows:
Prime costs $35 per unit
Manufacturing overhead $137,000 plus $4 per unit
Selling and administrative expenses$35,000 plus $3 per unit
Selling price$75 per unit
Problem 1: Suppose the company produces and sells 29,000 units instead of the original 27,000 units at an average selling price of $70. What is the company's flexible budget operating income (loss) for April, given the actual sales volume of 29,000 units?
A) $640,000.
B) $463,000.
C) $550,000.
D) $388,000.
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