Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sell items for $10 each and used a budgeted selling price of $10 per unit Actual Budgeted Units sold 1.480.000 1.500.000 Variable costs 2.815.000 3.000.000 Feed costs 2.490,000 2.425,000 a. Prepare the actual income statement, flexible budget and static budget. Do not use negative signs with any of your answers below Artual Results Filet Static Budget 142.000 100.000 1.500.000 Revenues Variable costs 2815.000 2,964.000 3.000.000 Contribution margin 12.005.000 11.156.000 12.000.000 Find costs Operating income 5 For questions b, c, and d, do not use negative signs with your answers. Select either Ufor Unfavorable or for favorable using the drop down box next to each of your variance answers b. What is the static-budget variance of revenues? $ 180,000 UO What is the flexible budget variance for variable costs? $149,000 F. d. What is the flexible budget variance for foxed costs