ACCT302 (Fa 20 Lee) - Tu7PM Nora Khansary 10/30/20 4:35 PM Homework: Chapter 7 Homework Save Score: 0 of 1 pt 1 of 5 (0 complete) HW Score: 0%, 0 of 5 pts E7-24 (similar to) Question Help o The Sodus Company produces engine parts for car manufacturers. A new accountant intern at Sodus has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data. (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) Begin with the flexible budget columns, 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 "0" in the appropriate field. If the variance is zero, do not select a label. Round your answers to the nearest whole dollar.) Actual Flexible-Budget Flexible Results Variance Budget Units sold 99,000 A Data Table Revenues (sales) $ 693,000 445,000 Variable costs Contribution margin Performance Report 248,000 112,200 Fixed costs $ 135,800 Actual Operating income Year Ended December 31, 2017 Flexible-Budget Flexible Variances Budget Sales-Volume Static Results Variances Budget 96,000 Units sold 99,000 Revenues (sales) $ $ 693,000 445,000 393,600 172,800 Variable costs Contribution margin Choose from any list or enter any number 248,000 112,200 220,800 85,000 Fixed costs $ 135,800 $ 135,800 8 parts Operating income remaining