Ibis Company Prepared the Following Static Budget for the Coming

Essay

Ibis Company prepared the following static budget for the coming month:
$$\begin{array} { | l | l | r | } \hline \text { Static Budpgt } & & \\\hline \text { Units/volume } & & 12,000 \\\hline & \text { Per Unit } & \\\hline \text { Sales revenue } & \$ 20.00 & \$ 240,000 \\\hline \text { Variable expenses } & \$ 9.00 & 108,000 \\\hline \text { Contribution margin } & & 132,000 \\\hline \text { Fixed Expenses } & & 130,000 \\\hline \text { Operating income(loss) } & & \$ 2,000 \\\hline\end{array}$$
Using the format below, please prepare a flexible budget including data at volumes of 13,000 and 14,000 units.
$\begin{array}{|l|l|l|l|l|}\hline \text { Flexible Budget } & & & & \\\hline & & 12,000 & 13,000 & 14,000 \\\hline & \text { Per Unit } & & & \\\hline \text { Snits/volume } & \$ 20.00 & & & \\\hline \text { Sariable expenses } & \$ 9.00 & & & \\\hline \text { Contribution margin } & & & & \\\hline \text { Fixed expenses } & & & & \\\hline \text { Operating income/(1oss) } & & & & \\\hline\end{array}$