Question 3 Saudia Manufacturing Company established the following standard price and cost information: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 50 32 $ 100,000 $ 40,000 per unit per unit total total Saudia Company expected to produce and sell 25,000 units. Actual production and sales amounted to 26,500 units. Required: Complete the following table (a) Determine the sales volume variances, including variances for number of units, sales revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and administrative cost. (b) Classify the variances as favorable (F) or unfavorable (U). Favorable or Unfavorable Static Budget 25,000 $ ? Volume Flexible Budget Variance 26,500 1,500 $ 75,000 Units: Sales revenue Variable manufacturing costs Fixed manufacturing costs Fixed selling and administrative costs Net income 100,000 comes $ 310,000 31.000 s $ ? $ 27,000