Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,000 units. The following variances were observed: Actual Results Variances Units Sales Variable Expenses $150,000 $25,000 Favorable 65,700 10,700 Unfavorable Fixed Expenses Net Income (loss) 80,400 400 Unfavorable $3,900 $13,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,000 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300). Units Static budget 5,000 Flexible budget Actual Results Variances 6,000 Sales $ 125,000 150,000 $ 150,000 0 No Effect Variable Expenses 55,000 X Favorable Fixed Expenses Net Income (Loss) Unfavorable Unfavorable