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Question
A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The operating income expected if the company produces and sells 16,000 units is:A.$ 2,667.
B.$14,000.
C.$18,667.
D.$24,000.
E.$35,000.
Answer
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