2) Johns Company's static budget for the year is shown below: + $ 700,000 $ 30.000 105,000 135,000 270,000 430,000 Sales (15,000 units) Cost of Goods Sold: Direct Material Direct Labor Overhead (includes $5 per unit Variable cost) Gross Profit Selling Expenses Sales Commissions (Variable) Rent (Fixed) Insurance (Fixed) General and administrative expenses Salaries (fixed) Rent (Fixed) Depreciation (Fixed) 30,000 60,000 50,000 80,000 40,000 75,000 335,000 S 95.000 Prepare a flexible budget for John's Company that shows a detailed budget for its static budget and its actual sales volume of 30,000 units. Use the contribution margin approach. 15,000 units 30,000 units Sales $700,000 Variable Cost: Direct Materials 30,000 Direct Labor 105,000 Variable OH Sales Commission Total Variable Cost Contribution Margin Fixed Cost: Fixed OH Rent Expense-Selling Insurance Expense Salaries Expense Rent Expense - General Depreciation Expense Total Fixed Cost 60,000 50,000 80,000 40,000 75,000 Income from Operations