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QUESTION 3 Listed below is the budget and actual results. What is the contribution margin variance? Static Budget Actual Units sold 300 310 $6,000 $6,200 Sales Variable expenses $3,800 $3,900 Contribution margin $2,200 $2,300 $680 Fixed expenses $700 $1,500 $1,620 Operating income 100 unfavorable 100 favorable 27 favorable 27 unfavorable QUESTION 5 Ralston Company has a controllable margin of $75,000, invested assets of $360,000, sales of $790,000 and a desired minimum rate of return of 9.5% Calculate Residual Income 40,800 74,988 360,000 714,840