Please Note that: it's a Flexible Budget and the formula ( Actual- flexible budget), But they give a static budget. Please Make sure.

Question 1: Use the Following Information to Answer problems: la, la.1, 1.b and 1.6.1 You are given the following information: Units sold Contribution margin Fixed Costs Operating income Actual Results 150,000 225,000 155,000 70,000 Static Budget 200,000 260,000 150,000 110,000 The standard contribution margin per unit is $1.3. Required: 1.a the Flexible Budget Variance For operating income is $... (CH 7)