Question 1 oct 3 1.00 Plague de Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sells items for 510 each and used a budgeted selling price of $10 per un Actual Budgeted 0 700.000 1 000 2100.000 costs 1.525.000 1 5.000 a. Prepare the actual income statement, flexible budget and static budget Do not use negative signs with any of your answers below Actual Results Flexible Budget Static Budget Unitsad 1.000 .000 .000 seven S O S DOS 7.000.000 Variable costs 20.4 .DCO 2.100.000 Contration margin 5.000.000 (1 1.525.000 Operating income 4 .000 OMSON for Unfavorable or with your answers, Select either for Favorable using the drop down box to each of your variance For questions and do not use negative answers 6. What the state budget variance of revenuest A TOSHIBA Fed costs Operating income 1.505.000 3475.000 5 $ 0 x For questions b, c, and d, do not use negative signs with your answers. Select either Ufor Unfavorable or Ffor Favorable using the drop down box next to each of your variance answers b. What is the static-budget variance of revenues? $ 1 U c. What is the flexible budget variance for variable costs? d. What is the flexible budget variance for fixed costs? U Partially correct Mars for this submission: 10/300 TOSHIBA F9 F10 en BNC SPACE W E TY U T O