The Jordan Company, Estimating Its Sales to Be 20,000 Units

The Jordan Company, estimating its sales to be 20,000 units for the upcoming period, prepared the following static budget: $\begin{array}{l}\text { Units: }&20,000\\\text { Sales }&\$200,000\\\text { Less variable costs: }\\\text { Manufacturing costs } & 70,000 \\\text { Selling and administrative costs } & 40,000\\\text { Contribution margin } & \$ 90,000 \\\text { Less fixed costs: } & \\\quad \text { Manufacturing costs } & 22,000 \\\text { Selling and administrative costs } & 17,000\\\text { Net income }&\$51,000\end{array}$
The owner of the business is not so sure about the 20,000 unit sales volume and has requested additional budgets.
Required:
In the table provided, prepare two additional budgets, one at 90% of the static budget volume level and one at 110% of the static budget volume level.
Flexible budgets at 90% and 110%: