1. John Holland established the following standard price and cost data. Sales Price Raw Materials Labor Overhead Variable Selling and Adm. Exp $0.80 per unit Fixed Manufacturing Costs $5,000 Fixed Selling and Adm. Costs$3,000 $9.00 per unit $1.50 per unit $3.00 per unit $1.75 per unit John Holland planned to produce and sell 12,000 units. Prepare a Flexible Budgets for 11,000, 13,000 and 15,000 units. Static Budget Flexible Budget Cost per Unit Number of units Sales Revenue $9.00 Variable Man. Costs: Raw Materials $1.50 Labor Overhead Variable GSA $0.80 Contribution Margin Fixed Costs: 12,000 11,000 13,000 15,000 $3.00 $1.75 Manufacturing G,S & A $5,000 $3,000 Net Income