The expenses budgeted for production of 1200 units in XYZ Limited are provided below: Administrative expenses [total] $210000 Labour cost/unit $250 Material cost/unit $600 Variable overheads $200 Selling expenses/unit $140 - - - Selling price per unit was set to be $1600 and the actual sales were 30% less than budgeted production units which were planned to sell. - - - Selling expenses per unit include 20% of expenses which are fixed for different levels of productions and sales. - - - Administrative expenses are fixed regardless of the variances in productions. and find out Net operating income

Required: Complete the table below Details Planning budget Flexible Budget Activity Variance Amount Activity Variance: Favorable or Unfavorable? [Write F for favorable and U for unfavorable] numeric response Sales (units) Revenues ($) numeric response numeric response numeric response numeric response text response numeric response numeric response numeric response numeric response numeric response numeric response text response text response numeric response numeric response numeric response text response Less: Expenses Materials ($) Labour ($) Variable Overheads ($) Selling Expenses: Variable ($) Fixed ($) Administrative ($) numeric response numeric response numeric response numeric response numeric response numeric response text response text response numeric response numeric response numeric response text response