1. The following data are for the month of July for the Bottles Company, a maker of boots: Actual Results 12.000 Planning (static) Budget 10,000 $85 $60 $131,000 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs $86 $62 $133,000 What is the company's flexible budget net operating income? A. S169,000 B. $165,000 C. $157,000 D. $153,000 E. $171.000 2. Verona Tech is a vocation school. The school bases its budgets on two measures of activity number of students and number of courses. The school uses the following data in its budgeting: Fixed cost Variable cost per Variable cost per per month student course Faculty wages $4,000 SO Course supplies $1.000 SIO $50 Administrative expenses $2,000 $20 $30 In July, the school budgeted for 300 students and 15 courses. Actual results for the month appear below: Number of Students 280 Number of Courses 19 Faculty wages $4,200 Course supplies $4,800 Administrative expenses $8,300 What is the spending variance for course supplies (choose the closest answer)? A. $100 U B. $50 U C. $100 F D. $50 F E. $350 F