Answer the following questions using the information below: Stanwick Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per unit. Actual Budgeted Units sold 41,000 units 40,000 units Variable costs $164,000 $156,000 Fixed costs $46,000 $48,000 1) What is the static-budget variance of revenues? A) $18,000 favorable B) $18,000 unfavorable C) $6,000 favorable D) $4,000 unfavorable 2) What is the static-budget variance of variable costs? A) $2,000 favorable B) $8,000 unfavorable C) $4,000 favorable D) $6,000 unfavorable 3) What is the static-budget variance of operating income? A) $10,000 favorable B) $10,000 unfavorable C) $12,000 favorable D) $12,000 unfavorable 4) Which of the following items will be same for a flexible budget and a master budget? A) total variable cost B) total fixed costs C) total contribution margin D) total revenues