The expenses budgeted for production of 1200 units in ABC Limited are provided below:

Material cost/unit ... ... ... ... ... ... ... ... $600

Labour cost/unit ... ... ... ... ... ... ... ... ... $250

Variable overheads ... ... ... ... ... ... ... ... $220

Selling expenses/unit ... ... ... ... ... ... ... $130

Administrative expenses [total] ... ... ... $217000

- - - Administrative expenses are fixed regardless of the variances in productions.

- - - Selling expenses per unit include 40% of expenses which are fixed for different levels of productions and sales.

- - - Selling price per unit was set to be $1800 and the actual sales were 20% less than budgeted production units which were planned to sell.

Problem [7 marks] 10 points possible (graded, results hidden) The expenses budgeted for production of 1200 units in ABC limited are provided below: Material cost/unit $600 Labour cost/unit $250 Variable overheads $220 $130 $217000 Selling expenses/unit .. Administrative expenses [total] Administrative expenses are xed regardless of the variances in productions. Selling expenses per unit include 40% oi expenses which are xed for different levels of productions and sales. , , , Selling price per unit was set to be $1800 and the actual sales were 20% less than budgeted production units which were planned to sell. Required: Complete the table below Details Planning budget Sales (units) numeric response Flexible Budget numeric response Activity Variance Amount Activity Variance: Favorable or Unfavorable? [Write F for hum-sup and Revenues ($) numeric response numeric response numeric response text rarponse Less: Expenses Materials ($) numeric response numeric response numeric response text response Labour ($) numeric response numeric response numeric response text response Variable , . . Overheads ($) numeric response numeric response numeric response text response Selling Expenses: Variable (1;) numeric response numeric response numeric response text response Fixed (1;) numeric response numeric response numeric response text response Ad ministrative , _ _ (3;) numeric response numeric response numeric response text response Net Operating Income numeric response numeric response numeric response text response