Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Actual Results Variances which you must Units Sales $175,500 $27,000 Favorable Variable Expenses 77,900 11,900 Unfavorable Fixed Expenses 93,700 200 Unfavorable Net Income (loss) $3,900 $14,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances Units 5,500 6,500 Sales $ 148,500 175,500 27,000 X 0 No Effect Variable Expenses 77,900 x Favorable Fixed Expenses 93,700 x Unfavorable Net Income (Loss) s Unfavorable X Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Actual Results Variances which you must Units Sales $175,500 $27,000 Favorable Variable Expenses 77,900 11,900 Unfavorable Fixed Expenses 93,700 200 Unfavorable Net Income (loss) $3,900 $14,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances Units 5,500 6,500 Sales $ 148,500 175,500 27,000 X 0 No Effect Variable Expenses 77,900 x Favorable Fixed Expenses 93,700 x Unfavorable Net Income (Loss) s Unfavorable X