Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted ceing price of $10 per unit Actual Budgeted Units sold 400,000 $436.000 Variable costs $1,250,000 $1,500.000 Fixed costs $1.500.000 $1.290.000 Unas sold Revenue a. Prepare the actual income statement, flexible budget, and static budget Do not use negative signs with any of your answers below Actual Results 400,000 4.000.000$ Flexible Budget 430,000 11.800,000 T Static Budget 200,000 12,000,000 w Vaca 2.360.000 Contribution margin OM Operating income 440.000 1,37,000 76011000 2.400.000 600.000 1837.000 M 7.753.000 For questions b. c. and d, do not use negative signs with your answers. Select either for Unfavorable or for Favorable using the root box the bath of your ans b. What is the static-budget variance of revenues 80 c. What is the flexible budget variance for variable costs? 80 M d What is the flexible budget variance for fixed cost? 80 Check 140