Acme Company prepared a budget last period that called for sales of 1,025 units at an average price of $225 per unit. Variable manufacturing costs were budgeted to be $92.50 per unit and variable marketing costs were budgeted to be $17.50 per unit. Total fixed manufacturing, marketing, and administrative costs were budgeted to be $54,000, $30,000, and $27,500, respectively. During the period, actual sales totaled 1,070 units (units produced equaled units sold), and actual revenues totaled $235,400. Actual variable manufacturing costs were $93,625, and actual variable marketing costs were $18,832. Total fixed manufacturing costs were $52,500, total fixed marketing costs were $31,500, and total fixed administrative costs were $27500. 1) Calculate Master Budget Variances. Show your work. 2) Prepare a Flexible Budget. Show your work. 3) Calculate Sales Volume Variances. Show your work. 4) Calculate Flexible Budget Variances. Show your work. Actual Master Budget Units 1,070 1,025 Revenues $ 235,400.00 $ 230,625.00 Variable manufacturing costs $ 93,625.00 $ 94,812.50 Variable marketing costs $ 18,832.00 $ 17,937.50 Contribution margin $ 122,943.00 $ 117,875.00 Fixed manufacturing costs $ 52,500.00 $ 54,000.00 Fixed marketing costs $ 31,500.00 $ 30,000.00 Fixed administrative costs $ 27,500.00 $ 27,500.00 Operating profit $ 11,443.00 $ 6,375.00