Use the tollowing data to arnswer tie folowing questions:to The president of the company, Gregory Peters, has come to you for help. Use the following data to answer the following questions: heip Actual Sales volume: Sales price: Variable costs: Budgeted 12,000 $24 per unit $22 per unit 10,000 $5 per unit $2 per unit $7 per unit $ 3 per unit 1 per unit Direct materials Direct Labor Variable overhead Variable Admin Exp Variable Selling $6 per unit $2 per unit $8 per unit $2 per unit $2 per unit Fixed costs: Manufacturing Overhead Admin Exp $50,000 $20,000 $60,000 $15,000 Required: Prepare contribution margin income statement for actual results, static budget and flexible budget and calculate flexible budget variance and sales volume variance