BUAD 2050: Spring 2018Due 4/25/2018 at the beginning of class 6. Archer's cost accountant prepared the following static budget based on expected activity of 4,000 units for the May 2016 accounting period: $64,000 34,000 Sales Revenue Variable Costs Contribution Margin $30,000 Fixed Costs Net Income $12,000 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 cach, what is the sales revenue activity/volume variance? 0o If Archer actually incurred the following costs during May 2016: Sales Revenue $86,000 Variable Costs 37.625 Contribution Margin $48,375 Fixed Costs Net Income 22.200 $26,175 What is the flexible budget variance for: indicate favorable/unfavorable for full credit (a) Fixed costs: (b) Variable costs: What is the Sales price variance