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Complete the following flexible budget performance report Income statement Actual Results Variances Flexible Budget Variances Static Budget Budgeted amount per unit Number of Units 28,000

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Complete the following flexible budget performance report Income statement Actual Results Variances Flexible Budget Variances Static Budget Budgeted amount per unit Number of Units 28,000 16,000 Sales revenue 350,000 384,000 -Variable Cost (230,000) (256,000) Contribution margin 120,000 128,000 - Fixed Cost (76,000) (80,000) Operating Income 44,000 48,000

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