Could you please also post how you got the answer. Thanks!

Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit.

		Actual	Budgeted
Units sold		685,000	700,000
Variable costs		1,850,000	2,100,000
Fixed costs		1,525,000	1,485,000

a. Prepare the actual income statement, flexible budget, and static budget.

Do not use negative signs with any of your answers below.

		Actual Results	Flexible Budget	Static Budget
Units sold		Answer	Answer	Answer
Revenues		$Answer	$Answer	$Answer
Variable costs		Answer	Answer Correct The correct answer is: 2055000 1.00 points out of 1.00	Answer
Contribution margin		Answer	Answer	Answer
Fixed costs		Answer	Answer	Answer
Operating income		$Answer	$Answer	$Answer