5. Archer's cost accountant prepared the following static budget based on expected activity of 4,000 units for the May 2021 accounting period Sales Revenue S64.000 Variable Costs (34.000) Contribution Margin $30,000 Fixed Costs (20.000 Net Income S10,000 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? If Archer actually produced and sold 4,300 units at $20 each, what is the sales revenue activity/volume variance? Indicate favorable/unfavorable variances b. If Archer actually incurred the following costs during May 2021: Sales Revenue 86,000 Variable Costs (37.000) Contribution Margin $49,000 Fixed Costs (22.000 Net Income $27,000 The flexible budget variance for Indicate favorable/unfavorable variances i. Fixed costs: ii. Variable costs: ACC 201: Spring 2021