Suppose ABC Inc. sells a single product with a budgeted contribution margin of $10 per unit. Suppose that it planned to sell 15 products during the year. Now suppose that ABC sold 12 units of product at a contribution margin of $12 per unit. Explain the above using sales volume variance and flexible budget variance. Budgeted Profit: 150 Actual Profit 144 Master Budget Variance 6 Unfavourable Flexible Budget Variance: 24 Favourable (Actual units sold * difference betwee budgeted and actual profit Sales Volume Variance 30 Unfavourable - actual sales volume was lowerr than budgeed (12 units vs 15 units)