E11-1A

EXERCISES-SET A operating system. The company sells items for $10 each and used a budgeted selling price unit. Ell-1A. Static and Flexible Budgets Graham Corporation used the following data to evaluate its Actual Budgeted 495,000 units 500,000 units $1,.250,000 $%1,500,000 $925,000 $900,000 Units sold.. a. Prepare the actual income statement, flexible budget, and static budget. b. What is the static-budget variance of revenues? c. What is the flexible budget variance for variable costs? d. What is the flexible budget variance for fixed costs