Cost per Unit Flexible Budget Actual Results Variance Flexible Budget Actual Results No. of Units 160000 160000 Sales Revenue 35200000 35520000 320000 220 222 Variable Manufacturing Cost Material 5300000 5120000 4480000 Labour 4400000 -180000 32 80000 28 -50000 14 Overhead 2240000 2290000 Variable Selling & general cost 5600000 5450000 150000 35 Contribution Margin 17760000 18080000 320000 Fixed Cost Manufacturing Overheads 7830000 79000 7751000 7015000 Selling, General & Admin 6980000 2950000 -35000 276000 Net Income 3314000 d. Explain what might have caused the fixed costs to be different from the amount budgeted. e. Assume that the company's materials price variance was favorable and its materials usage vari- ance was unfavorable. Explain why Mr. Catrow may not be responsible for these variances. Now, explain why he may have been responsible for the materials usage variance. L. Assume the labor price variance is unfavorable. Was the labor usage variance favorable or unfavorable? g. Is the fixed cost volume variance favorable or unfavorable? Explain the effect of this variance on the cost of each unit produced