Question 5 (8 points) Honeywell manufacturer of fireplaces, had planned to produce and sell 2,500 units at $105.00 per unit Budgeted variable manufacturing costs per unit are $20.00. Honeywell pays its salespeople a 5% sales commission, which is the only non-variable manufacturing cost for the company. Foxed costs are budgeted as follows: manufacturing, $40,000 and marketing. $30,000 Actual financial results for the period were as follows. Sales volume was up at 2,750 units sold and actual sales revenue for the period was $260,000. Fixed expenses were less than budgeted by $5,000 and actual variable manufacturing costs were $25.00 per unit. Sales commissions remained at 5% Calculate each of the following variances Total Operating Income Variance Flexible-budget variance for operating income Flexible-budget variance for total variable costs Flexible-budget variance for total fixed costs Sales volume variance for operating income