QUESTION 1 USE THE FOLLOWING INFORMATION TO ANSWER PROBLEMS III 1.b and 1.1.1 You are given the following information: Actual Static Results Budget Units sold 150,000 200,000 Contribution margin Fixed costs Operating income 220,000 155,000 $ 70,000 260,000 150,000 $ 110,000 The standard contribution margin per unit is $1.3. Required: 1.a The Flexible Budget variance for operating income is $ QUESTION 3 Problom 1.1.1. The variance type in problem 1. above le Favorable Unfavorable (U) QUESTION 4 1. b The Sales Volume Variance for operating income is $ QUESTION 5 Problem 1.b. 1. The variance type in problem 1.b above is: Favorable (F) O Unfavorable (U)