The following data were collected by Bemidji Co for the month of June Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs 12,50 units @ 42/unit $ 30.00 per unit $ 26,250 13,800 units @ $41/unit $32.40 per unit $ 24,950 Required: 1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect i.e., zero variance)) BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 Flexible Flexible Budget Variance Sales Volume Variance Budget Static Bludget Actual Sales (units) Revenue Variable expenses Contribution margin Fixed expenses Income