Problems 1. Using the following per-unit and total amounts, prepare a flexible budget a at the 14,000-, 15,000- 16,000-unit levels of production and sales for Earthen Products Inc.: (33 points) S 75.00 Selling price per unit Direct materials per unit Direct labor per unit $24.00 7.50 $ 15.00 . Fixed factory overhead Variable selling and administrative expense per unit. Fixed selling and administrative expense. : S 11.00 $80,000 Answers: Flexible Budget 16,000 Units 14,000 Units 15,000 Units Sales Less variable costs: Direct materials Direct labor Variable factory overhead Variable selling and administrative expense Total variable costs Contribution margin Less fixed costs: Fixed factory overhead Fixed selling and administrative expense Total fixed costs Operating income