Use the following information for questions 10 and 11. The actual information pertains to the month of August. As part of the budgeting process, Alloway's Fencing Company developed the following static budget for August. Alloway is in the process of preparing the flexible budget and understanding the results. Actual Results 50.000 Flexible Budget Static Budget 60,000 Sales volume (in units) Sales revenues Variable costs $1,000,000 780,000 $1,200,000 900,000 Contribution margin 220,000 300,000 Fixed costs Operating profit 158,000 S62.000 150.000 $ 150,000 10. for variable costs. The flexible budget will report a $900,000 b. $750,000 c. $1,050,000 d. $780,000 e $480,000 11. The flexible budget will report for fixed costs. a $900,000 b. $220,000 c. $158,000 d. $150,000 e Cannot be determined with the information given