5. Archer's cost accountant prepared the following static budget based on expected activity of 4,000 units for the May 2022 accounting period: Sales Revenue Variable Costs $64,000 (34,000) Contribution Margin $30,000 Fixed Costs Net Income (20,000) $10,000 a. If Archer's sales manager were to prepare a flexible budget for expected activity of 4,300 units, budgeted net income on this flexible budget would be? b. If Archer actually produced and sold 4,300 units at $20 each, what is the sales revenue activity/volume variance? Indicate favorable/unfavorable variances c. If Archer actually incurred the following costs during May 2022: Sales Revenue Variable Costs $86,000 (37,000) Contribution Margin $49,000 Fixed Costs Net Income (22,000) $27,000 The flexible budget variance for: Indicate favorable/unfavorable variances i. Fixed costs: ii. Variable costs