Required: Using the table below 2. Flexible Budget a) Calculate the difference (variances) at the 10,000 unit level budget and actual b) Disclose if the variance is favorable or unfavorable i B I DE U S x? 3 3 3 Budget Budget Actual 10,000 Units 20,000 units 10,000 Units Difference Favorable Unfavorable Per Unit Sales 40 Direct materials 400,000 800,000 500,000 100,000 200,000 120,000 60,000 120,000 80,000 40,000 80,000 50,000 20 200,000 400,000 250,000 Direct labor Factory overhead Contribution Margin Selling expenses Administrative Exp. Net income 20,000 20,000 60,000 60,000 60,000 120,000 320,000 150,000