whe Flexible Budget Unit 1,500 1.000 un OM G Groep CM ese Operating pro EBIT Casa Faible Budgets Adual 1.900 units - - Static Budget 2,000 unita Sie were. Du - - VDH Gross prot (CM) Grad expense . Operating profit (EBIT) 31 Together What is the Gross proft percentage and Contribution margin Ration for both products And Combined Gross proft margin and combined Cro? Explain what they mean Balance Sheet December 31, 2018 ProForma Balance sheet June 30, 2019 $5000 3200 Assets Current assets: Cash . . . . . Marketable securities . . Accounts receivable . . Inventory . . Total current assets. Plant and equipment . . Total assets . . . . . . . Y $ 5,000 3,200 9,600 4,960 . 22,760 27.740 . $50,500 16,000 5200 Lido A140 $ 76,140 . . . $5762 5884 15,000 Liabilities and Stockholders' Equity Accounts payable . . . . Notes payable . . . . . . Long-term debt . . . . . Common stock. . . . . . Retained earnings . . . . Total liabilities and stockholders' equity ... b. Too $ 4,500 . O 15.000 10,500 20,500 $50,500 39024 $ 76,140 2.Flexible budget Mouza and Marwa responsibility to comment on Thursday and me Assuming all manufacturing costs are variable, period costs $12.000 budgeted are proportionally divided 1/3 to wheels and 2/3 to casters. Actual results: Wheels: 1,500 units sold at $29 Actual Costs: DM=$10,35; DL= $5.5 and Variable OH = $2.8 Actual Period Costs (Fixed costs): (General & Adm)= $5,300 Casters: 1,800 units sold at $39 Actual Costs: DM=$14: DL= $5.5 and Variable OH = $5.8 Actual Period Costs (Fixed costs): (General & Adm)= $9,500 Total La