26. Davies Company provided the following budgeted information for 2017. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $50 per unit 32 per unit $100,000 total $40,000 total Davies predicted that sales would be 20,000 units, but the sales actually were 22,000 units. The actual sales price was $48.50 per unit, and the actual variable manufacturing cost was $33 per unit. Actual fixed manufacturing cost and fixed selling and administrative cost were $104,000 and $39,000 respectively Required: a) Using the form below, assess the company's performance (in dollars) per each line, and write if the variances are favorable (F) or unfavorable (U). 12 answers are required. Flexible Budget Actual Results Flexible budget Variance in $$35 Number of units Sales Revenue Variable manufacturing costs Contribution margin Fixed manufacturing cost 22,000 $1.100,000 $1.067,000 726,000 22,000 704.000 S396,000 100,000 40,000 $341,000 104,000 39,000 Fixed selling and administrative cost Net income S256,000 $198,000