Acct3360 Excel Assignment -Variance Analysis Excel Version (7.55%) due April 16, 2023 @ 11:59pm Due Date: Wednesday, April 16 @ 11:59pm Cyclops Cycles manufactures two models of dirtbikes for the Alberta market, the Eggasgs and the Phoenix models. Based on a projected Alberta market size of 9,600 m sold Cyclops budgeted the following 2021 results: 2,000 Pegasus models sold @ a contribution margin of $3,500 each 1,200 Phoenix models sold @ a contribution margin of $4,200 each At the end of 2021 Cyclops determined that 10,000 dirtbikes had been sold Alberta- wide. The actual results for Cyclops were: 2,394 Pegasus models sold @ $3,200 contribution margin per unit 1,409 Phoenix models sold @ $4,100 contribution margin per unit Reguired: Create a dynamic solution in Excel similarutg the ones done in class: a) Complete a Management Variance Report like the ones we did in class and are on Moodle. {3.5 marks) b) Comment on the four variances management would nd most actionable and explain their specific causes in Cyclops's case. Be specific in your comments and explanations. {4 marks) Be sure your Excel sheet is dynamic and automatically adjusts if data is changed. Be sure to drop your completed Excel spreadsheet into the Dropbox provided on Moodle