1. The fixed budget was prepared for 5,000 units of production and shows: Sales =$110,000; Variable Costs =$45,000; Fixed Costs =$20,000 Actual Results were: Sales =$111,800 for 5,102 units. Variable costs =$44,500. Fixed costs = 18,800. Prepare a flexible budget performance report. Be sure to indicate if the variances are favorable or unfavorable. 2. The Plastics division reports the following: Sales =$500,000; Net income =$51,200; Beginning assets =$300,000; Ending assets =$340,000 What is the ROI? If the target ROI is 15%, what is the residual income