The actual information pertains to the month of September. As a part of the budgeting process, Twilith Fencing Company developed the following static budget for September. Twilith is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible Budget $ Static Budget 10,000 $230,000 180,000 50,000 35,000 $ 15,000 Sales volume (in units)11,000 Sales revenues $238,000 Variable costs 150,000 Contribution margin 88,000 Fixed costs 36,800 Operating income $ 51,200 $ $ $ $ Reqiured : a. Prepare a Flexible Budget of the September performance. (2 im) b. What is the static-budget variance of operating income? (0,5 im) What is the price variance of Revenues? (0,5 im) d. What is the flexible-budget variance for variable costs? (0,5 im) What is the spending variance for fixed costs? (0,5 im) c. e