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Question 3 Ahmed Manufacturing LLC manufactures Product Q. In the previous month of September 2020, the company budgeted to manufacture and sell 3,300 Product Q

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Question 3 Ahmed Manufacturing LLC manufactures Product Q. In the previous month of September 2020, the company budgeted to manufacture and sell 3,300 Product Q at a variable cost of OMR74 per unit and total fixed costs of OMR45,000. The budgeted selling price per unit was OMR110. Actual results in that month were 2,600 units manufactured and sold at a selling price per unit of OMR112. The actual total variable costs were OMR229,600 and the actual total fixed costs incurred were OMR50,000. (a) Prepare a budgeted income statement based on the above information by clearly showing (for each item in the income statement) the: 0 Actual Results; (i) Static Budget amount; (1) Flexible Budget amount; Static Budget variance; (v) Flexible Budget variance; (vi) Sales Volume variance; (iv)

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