essecured lockdown Question 19 4 Trek manufactures bicycles it planes to sell for $800 exh. The bicycles vereine 10 best union each (which is the only direct material), and Trek budgets to purchine exch pound out to $10/b. The bicycles require 2 hours of labor, which Trek believes it will senare tor 125, own. The company plans to sell 50.000 bicycles this year, Actual performance was a bit different than planned. Trek actually ended up selling 45 for $600 each. Additionally, the company actually spent a total of $5.000.000 in direct matte 500,000 pounds of aluminum. Trek actually spent $2,050,000 on direct latios, and Trek tad to pay $24/hour. Flex Actual Units 45,000 Selling Price $600 Sales Revenue $27.000.000 Budget 50.000 $800 $40.000.000 Direct Materials Expense $5,000,000 $5,000,000 $2.500.000 $2,050,000 Direct Labor Expense Operating Income $32.500.000 $19.950,000 What is the Budget Variance? Please enter a positive number for your and to indicate whether the variance is favorable or unfavorable 16 9 13 86 8 7 80 6