D Windsor Limited makes and sells a single product. The company employs a flexible budgeting system that covers a relevant range from 20,000 units 16 25,000 units and a just in time invertory system. Budget data for May are as follows: 22,000 units Budgeted yolume produced and sold Prime costs $30 per unit Manufacturing overhead $3 per unit plus Selling and administrative expenses $2 per unit plus $132,000 $30,000 Selling price $60 per unit Actual data for April are as follows: Volume produced and sold 25,000 units Prime costs $31 per unit Manufacturing overhead $6 per unit plus $128,000 Selling and administrative expenses $5 per unit plus $55 per unit $25,000 Selling price Required: Calculate the company's flexible budget operating income (loss) for May that would appear in a performance report. (5 marks) Show supporting calculations. Sales Variable expenses Manufacturing overhead Selling and administrative Contribution margin Prime costs Fixed expenses 1375000 150000