Please provide answer and calculations (for future reference).

Thank you kindly!

Static budget income statement:

Sales Revenue $125,000

Variable Costs (75,000)

Contribution Margin 50,000

Fixed Cost (30,000)

Net Income $ 20,000

The budget was based on an expected sales volume of 5,000 units. Actual sales volume was 6,000 units.

1. The amount of net income based on a flexible budget of 6,000 units is expected to be

a. $24,000.

b. $26,000.

c. $30,000.

d. $45,000.

2. The sales revenue volume variance is

a. $25,000 favorable.

b. $10,000 unfavorable.

c. $4,000 unfavorable.

d. $6,000 favorable.