Knowledge Check 01 Khan Corporation has budgeted the unit sales for April to be 5,000 units. The sales price is $25 per unit, and production costs are $10 per unit. Monthly utility expenses are estimated to be $2,000 plus $2 per unit, whereas selling expenses are estimated to be $12,000. The company pays a monthly rent of $2,000. What is the net operating income in the company's planning budget? $49,000 O $62,000 $125,000 O $72,000 Required information rt 2 of 2 Knowledge Check 01 Khan Corporation has budgeted the unit sales for April to be 5,000 units. The sales price is $25 per unit, and production costs are $10 per unit. Monthly utility expenses are estimated to be $2,000 plus $2 per unit, whereas selling expenses are estimated to be $12.000. The company pays a monthly rent of $2,000. What would be the utility expenses on the company's flexible budget if actual unit sales for April were 6,000 units? 6 Book Herences $12,000 O $14,000 O $2,000 $26,000 Knowledge Check 02 Budget Solutions has determined from its flexible budget that selling costs for actual level activity for a period should have been $25,000. Actual seling costs incurred during the period were $28,000. What is the amount and direction of variance in selling costs? O $3,000 Favorable $28,000 Unfavorable O $0 O $3,000 Unfavorable