3. Beam Corporation sold laser pointers for $20 each in 2017. Its budgeted selling price was $18 per unit. Other information related to its performance is given below: (Click the icon to view the information.) Click the icon to view the partially completed performance report.) Calculate Beam's flexible-budget and sales-volume variances for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Begin with the flexible-budget variance column, then the sales volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "o" in the appropriate field. the variance is zero, do not select a label.) Actual Flexible-Budget Flexible Sales-Volume Static Results Variance Budget Variance Budget 27,800 Units sold 27,800 28,100 (1) (6) Revenues (sales) S 556.000 S 500,400 $ 505,800 (2) (7) Variable costs 85,000 111,200 112,400 (3) (8) Contribution margin 471,000 389,200 393,400 (4) (9) Fixed costs 50.000 48,000 48,000 (5) (10) 421,000 S 341,200 $ 345.400 Operating income 1: More Info Actual Budgeted 28,100 27,800 Units made and sold Variable costs Fixed costs $ 85,000 $4 per unit 48,000 $ 50,000 $ 2: Reference 2: Reference Actual Sales-Volume Flexible-Budget Variances Flexible Budget 27,800 Static Budget Results 27,800 Variances Units sold 28,100 Revenues (sales) $ s $ 556.000 85,000 500.400 111,200 505,800 112,400 Variable costs Contribution margin 393,400 471,000 50,000 389,200 48,000 48.000 Fixed costs $ 421,000 S 341,200 $ 345,400 Operating income (1) O OU OF (2) O OU OF (3) O OU OF (4) O OU OF (5) O OU OF (6) O OU OF (7) O OU OF (8) O OU OF (9) O OF (10) O OU OF OU