plz give formulas as well

5 > Varm Required: The owners can see that the company sold a different amount of units than budgeted. They have asked you to determine the flexible budget amounts and calculate the variances when comparing the flexible budget to the actual results (s marks) Flexible Budget Report Static Flexible Variance (show ot Budget Budget Actual as positive Unfavorable Amount Amount Results amount Sales in Units 4,500 4,200 7 Sales $540,000 500,000 3 Variable Cost 225,000 218.400 Contribution Margin 315,000 281,600 Fixed Cost 22,000 21,000 293,000 260,600 Net Operating Income