Case 2 (3 Marks) The following budget and actual data id provided by the Majid Company in Dubai Statie Budget 6,000 units Unit Amount 8 Actual Units 5,000 Unit Amount 9 Sales Variable Costs Direct Materials Direct Labor Factory Overhead 3 2 1.5 3,5 3 0.5 Fixed Costs 4,500 4,000 Required Complete the table below with a) the actual and budgeted data b) determine the variance actual budget e) disclose if the variance if favorable (F) of Unfavorable (UN) Answer @ (3) (1-2) Static Budget Actual (1) Actual Units Per Unit 5,000 units (2) Static Budget 6,000 units Units of production Per unit 9 8 3.5 Sales Variable Costs Direct Materials Direct Labor Factory Overhead Total Variable Costs Contribution Margin Fixed Costs Net Income 3 2 1.5 0 0.5 7 2. Nuwa 4,000 4,500