Problem B (5 points) The following is provided about the BIG UNIT LIMITED LIABILITY (BULLS) Company budget for the current year: Sales 26,000 units Less: Variable costs Fixed costs ($15,000/month) Net income before taxes ----NIBT $572,000 (202,800) (180,000) $189,200 Actual sales for the year were 28,000 units and the following results were reported: Sales $582,400 Less: Variable costs Fixed costs (210,000) (181,000) NIBT $191,400 Determine the following sales or revenue variances: Rate/price component...Use () if the variance is unfavorable. Problem C (7 points) Club Corporation produces a product, Wrigley, and reports the following standard production costs: Description Direct material Cost Behavior Variable Fixed (2) Cost/Unit (1) $1.20 Depreciation and taxes 1.60 Utilities 0.54 Semi-variable (3) (1) Based on a production level of 300,000 units (2) Incurred evenly each workday (there are 240 work days in the budget year) (3) Based on $1,000 per month plus 50/unit Prepare a detailed flexed budget for the first quarter of the current year (which has 65 work days) assuming an actual production level of 36,000 units. SHOW YOUR WORK!!! 1. Direct material 2. Depreciation and taxes 3. Utilities