A Manufacturing company produced a budget based on 12000 units of sales: Budgeted selling price per unit $ 100 , material cost per unit $ 30 , direct labour per unit $ 20 , variable overhead per unit $ 10 , Fixed cost $ 2,20,000. Prepare budget and show budgeted contribution and budgeted net income. Actual sale of the company is 10000 units: Actual selling price per unit $ 110 , material cost per unit $ 32 , direct labour per unit $ 22 , variable overhead per unit $ 12 , Fixed cost $ 2,30,000. Prepare flexible budget. Work out static budget variance. Show its break-up i.e. Sales volume variance and Flexible Budget Variance.