) At the beginning of the year Myles Corporations assembled a budget calling for sales of 50,000 units. After the year is over, Myles Corporation closed the books and recorded sales of 45,000 units. Using the data below, assemble a static budget and flexible budget for Myles using the projected and actual sales units.

Selling prices per unit are budgeted at $60

Variable material costs are budgeted at $6.00 per unit

Variable labor costs are budgeted at $8.00 per unit

Variable factory overhead costs are budgeted at $3.00 per unit

Fixed selling expense is budgeted at $65,000

Fixed administrative costs are budgeted at $121,000

Taxes are budgeted at 28% of operating profit.