ringo company prepared the following static budget at the beginning of the company's accounting period: revenue (8,300 units) $ 16,600 variable costs 4,150 contribution margin $ 12,450 fixed costs 4,150 net income $ 8,300 if actual production totals 8,700 units, the flexible budget would show total costs of: multiple choice $8,500. $17,000. $8,600. none of these answers are correct.
