Question-Variance Analysis (11 marks) Required: Part A: 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. (9 marks) Flexible Budget Report Static Flexible Variance (show Budget Budget Actual as positive or Unfavorable Amount Amount Results amount) (U) 6 Sales in Units 7 Sales 6,000 5,500 $ 600,000 561,000 8 Variable Cost 254,000 220,000 9 Contribution Margin 346,000 341,000 10 Fixed Cost 26,000 28,000 11 Net Operating Income 320,000 313,000 34 S