The static budget, at the beginning of the month, for Vintage Wine Company follows: Static budget: Sales volume: 2,000 units; Sales price: $50 per unit Variable costs: $14 per unit; Fixed costs: $25,300 per month Operating income: $46.700 Actual results, at the end of the month, follows: Actual results: Sales volume: 1,800 units: Sales price: $58.00 per unit Variable costs: $17.00 per unit: Fixed costs: $33,600 per month Operating income: $40,200 Calculate the flexible budget variance for variable costs. Reflector Glass Company prepared the following static budget for the year. Static Budget Units/Volume 6,000 Per Unit Sales Revenue $3.00 $18,000 Variable Costs 1.00 6,000 Contribution Margin 12,000 Fixed Costs 4,000 Operating Income (Loss) $8,000 If a flexible budget is prepared at a volume of 7.700 units, calculate the amount of operating income. The production level is within the relevant range