SHU Co. Flexible Budget Home Run Practice! His for Home Run The SHU Company president, Gregory Peters, has come to you for help. Use the following data to answer the following questions: Budgeted Sales volume (=Production volume) 12,000 Actual 10,000 Sales price: $24 per unit $22 per unit Variable costs: Direct materials $5 per unit $6 per unit Direct Labor $2 per unit $2 per unit Variable overhead $7 per unit $8 per unit Variable Admin Exp $3 per unit $2 per unit Variable Selling $1 per unit $2 per unit Fixed costs: Manufacturing Overhead $50,000 $60,000 Admin Exp $20,000 $15,000 flexible budget and static budget. (1) Prepare contribution margin income statement for actual results, (2) Calculate static budget variance and flexible budget variance and sales volume variance