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C_hapter 7 PA16 (DUE: jUL-Z) Ch. 7 Problem SetA - Principles of Accounting, Volume 2: Managerial Accounting | OpenStax This free textbook is an OpenStax resource written to increase student access to high-quality, peer-reviewed learning materials. Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,000 units. These variances were observed: Actual Results Variances Sales $1 50, 000 $25,000 Favorable Variable expenses 77,800 12,800 Unfavorable Fixed expenses 70,300 300 Unfavorable Net income (loss) 1,900 11,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,000 units actually sold