Zip-up Company provides the following data developed for its master budget: 
Required:
Prepare flexible budgets for sales of 20,000,22,000 and 24,000 units.Use a contribution margin format.
Definitions:
Inversely Related
A relationship between two variables in which one increases as the other decreases, and vice versa.
Independent Variable
In research and experimentation, the variable that is manipulated or changed to observe its effects on a dependent variable.
Dependent Variable
In an experiment or study, it is the variable that is tested and measured, and it is expected to change as a result of changes in the independent variable.
Straight Line
In the context of graphs, a linear representation that exhibits a constant rate of change between two variables.
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