Dubai TV Required: For the static budget below 1. Static Budget a) Calculate the difference (variances) b) Disclose if the variance is favorable or unfavorable & X2 x2 = = = U 1 ir B 1 = = Static Budget Budget Actual Difference (Variance) Favorable Unfavorab 100,000 100,000 Per Unit Sales Direct materials 18 Direct labor 4,200,000 4,150,000 1,800,000 1,700,000 1,200,000 1,150,000 400,000 600,000 800,000 700,000 245,000 260,000 Factory overhead Contribution Margin Selling expenses Administrative expenses 350,000 315,000 Net income 205,000 125,000