Use the following information for the next 5 questions.
During the period Richeleau produced 1,000 units of product. The flexible budget for standard costs is: 
-The budgeted fixed overhead was
Definitions:
Inelastic Portion
A segment of the demand curve where consumers are relatively unresponsive to changes in price, meaning demand does not significantly decrease as the price increases.
Revenue Maximizer
Describes a strategy or approach focused on increasing the total revenue received, regardless of profits or costs.
Profit Maximizer
A strategy or process employed by businesses to increase their net profits to the highest possible level given their resources, constraints, and market conditions.
U-Shaped Average
This term seems unclear; possibly referring to the 'U-shaped' curve of the average cost, which decreases, reaches a minimum, and then increases with production volume.
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