11. Graham Corporation used the following data evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit. Units sold Variable costs Fixed costs Actual 495,000 units Budgeted 500,000 units $ 1,250,000 $ 1,500,000 $ 925,000 $ 900,000 Prepare the actual income statement, flexible budget, and static budget b. What is the static budget variance of revenue? C. c. What is the flexible budget variance for variable costs? d. What is the flexible budget variance for fixed costs?