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Amerfond, Inc. produces the basic fillings used in many popular frozen desserts and treats-vanilla and chocolate ice creams, puddings, meringues, and fudge. Amerfond uses standard

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Amerfond, Inc. produces the basic fillings used in many popular frozen desserts and treats-vanilla and chocolate ice creams, puddings, meringues, and fudge. Amerfond uses standard costing and carries over no inventory from one month to the next. The ice-cream product group's results for June 2017 were as follows: (Click the icon to view the results.) Read the requirements. Requirements 1 and 2. Calculate the static-budget variance in units, revenues, variable manufacturing costs, and contribution margin. What percentage is each static-budget variarice relative to its static-budget amount? Break down each static-budget variance into a fiexible-budget variance and a sales-volume variance. Begin with the flexible budget columns, then enter in the sales volume variance and static budget variances. Finally, compute the static budget variance as a percentage of the static budget. Labeleach variance as favorable (F) or unfavorable (U). For variance with a S0 balance, make sure to enter 0 n the appropriate field. the variance is ze o do not select a label Round dollar amount to the nearest whole dollar and percentages o to decima pace XXX%. Flexible- Budget Variances Sales- Volume Variances SB variance Actual Flexible Static Budget of Static Results Budget Budget Variances Budget Units (pounds) Revenues ariable mfg. costs

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