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problem: A firm's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The operating income expected if the firm produces & sells 16,000 units is:

[A] $ 2,667

[B] $18,667

[C] $30,000

[D] $35,000

[E] $24,000

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M921873

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