Question 9 (15 points) Static, Sales Volume and Flex Budget Variances 15 points Suggested time: 26 minutes ABC Inc. manufactures greenhouses from recycled plastic. Below is ABC's Income Statement Performance Report, used for performance/goals measurement. ABC expected to sell 100 greenhouses in May, at sales price of $4000 each. Expected variable costs: $2,500 per greenhouse, and expected fixed costs were $45,000. Actual sales were 110 greenhouses at $4,300 sale price each. Actual variable costs were $2,800 pergreenhouse, and fixed costs for May were $50,000. A. Complete the table below, indicating variances and favourable or unfavourable ratings. Fill in amounts, with ratings where needed, in the empty cells. (8 points) B. Determine the operating income Static Budget Variance for ABC. (2 points) C. Briefly explain two reasons for the Static Budget variance found in part B. In your answer cite two Static Budget Variance dollar amounts and line items. (5 points) Question 9 (15 points) Static, Sales Volume and Flex Budget Variances 15 points Suggested time: 26 minutes ABC Inc. manufactures greenhouses from recycled plastic. Below is ABC's Income Statement Performance Report, used for performance/goals measurement. ABC expected to sell 100 greenhouses in May, at sales price of $4000 each. Expected variable costs: $2,500 per greenhouse, and expected fixed costs were $45,000. Actual sales were 110 greenhouses at $4,300 sale price each. Actual variable costs were $2,800 pergreenhouse, and fixed costs for May were $50,000. A. Complete the table below, indicating variances and favourable or unfavourable ratings. Fill in amounts, with ratings where needed, in the empty cells. (8 points) B. Determine the operating income Static Budget Variance for ABC. (2 points) C. Briefly explain two reasons for the Static Budget variance found in part B. In your answer cite two Static Budget Variance dollar amounts and line items. (5 points)