Schindler Co is attempting to determine its performance for the year just ended. Unfortunately, some information is missing. You have been asked to recreate it based on the information below. Static Actual (Master) Results Budget Output (units) 25,000 30,000 Sales revenue $240,000 ? Variable costs $175,000 $187,500 Fixed Costs $15,000 $20,000 Operating income $50,000 Important finding: The accountant remembers that the sales price variance was $5,000 Favorable. Required: Note: be sure to indicate whether a variance is favorable or unfavorable and show your work to obtain partial marks. 1. What is the budgeted selling price per unit under the static (master) budget? Hint: one of two ways to arrive at the answer is to calculate a flexible budget