Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit.

Actual Budgeted
Units sold 991,000 1,000,000
Variable costs 1,280,000 1,500,000
Fixed costs 955,000 905,000

Prepare the actual income statement, flexible budget, and static budget.

                                         Actual              Budgeted

Units sold                        991,000           1,000,000

Variable costs              1,280,000           1,500,000

Fixed costs                     955,000             905,000

                        Actual Results    Flexible Budget   Static Budget

Units sold              991,000             991,000              1,000,000

Revenues           $9,910,000         $9,910,000        $10,000,000

Variable costs  -$1,280,000        -$1,486,500         -$1,500,000

Contr. margin           $8,630,000        $8,423,500         $8,500,000

Fixed costs            -$955,000          -$905,000           -$905,000

Operating income   $7,675,000         $7,518,500          $7,595,000

The static budget only considers standard revenue (units sold and price) and costs (both variable and fixed). While a flexible budget will be calculated using standard costs but with actual units sold and produced. Both static and flexible budgets use the same fixed costs, only variable costs and revenues differ.

metallurgy is your answer

the "study of metals and the process of refining ("

note that it says metal. metallurgy has the word "metal" in it, and so is most likely your answer (and is your answer).

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c

explanation:

well obviously you must be dumb if you dont noe dat