3 1 mark for each correct answer. 4 5 Use this data for questions 1-5: 6 The following is a summarized master budget that Winnipeg Company prepared for January: 7 8 Sales 9 Sales revenue 10 Less variable costs: 11 Manufacturing 12 Selling and administrative 13 Contribution 14 15 Manufacturing 16 17 18 Less fixed costs: Selling and administrative Operating income 19 Actual results for January were as follows: 20 21 Units produced and sold 22 Selling price per unit 23 Variable costs per unit: 24 Manufacturing 25 Selling and administrative 26 Total fixed costs 27 28 29 1. What was the flexible budget operating income (loss) for Winnipeg Company for January? 30 31 32 33 2. What total sales volume variance did Winnipeg Company report for January? 34 35 9,000 units $450,000 $270,000 18,000 288,000 $162,000 72,000 27,000 99,000 $63,000 8,500 units $55.00 $32.00 $1.50 $99,000 SECT SECTION 2. SECTION 3 SECTION 4 SECTION 5 SECTION 6 IC