7. (3 pts) Sales (units) Sales Revenue Variable Costs Contribution Margin Fixed Costs Budget Income Actual...

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7. (3 pts) Sales (units) Sales Revenue Variable Costs Contribution Margin Fixed Costs Budget Income Actual Budget 100 140 80,000.00 100,000.00 36,000.00 54,600.00 44,000.00 45,400.00 25,000.00 20,400.00 19,000.00 25,000.00 Complete a static budget variance report and a flexible budget variance report and indicate if the variances are favorable or unfavorable. 7. (3 pts) Sales (units) Sales Revenue Variable Costs Contribution Margin Fixed Costs Budget Income Actual Budget 100 140 80,000.00 100,000.00 36,000.00 54,600.00 44,000.00 45,400.00 25,000.00 20,400.00 19,000.00 25,000.00 Complete a static budget variance report and a flexible budget variance report and indicate if the variances are favorable or unfavorable.