Answer all remaining 5 parts. Provide answers in the boxes below or on a spread sheet. No need to show work, only provide answers. Do not type out the answers in a paragraph! Thanks

Question 8, E7-20 (similar to) Question Help Kirsch, Inc. produces the basic fillings used in many popular frozen desserts and treats-vanilla and chocolate ice creams, puddings, meringues, and fudge. Kirsch uses standard costing and carries over no inventory from one month to the next. The ice-cream product group's results for June 2014 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 variance relative to its static-budget amount? Break down each static-budget variance into a flexible-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. 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 dollar amounts to the nearest whole dollar and percentages to two decimal places, XXX%.) Flexible- Actual Budget Flexible i Data Table - X Results Variances Budget Requirements - X Units (pounds) Revenues Performance Report, June 2014 1. Calculate the static-budget variance in units, revenues, variable Actual Static Variable mig. costs manufacturing costs, and contribution margin. What percentage is each static-budget variance relative to its static-budget amount? Results Budget Contribution margin 2. Break down each static-budget variance into a flexible-budget variance and a Units (pounds) 490,000 479.000 sales-volume variance. 3. Calculate the selling-price variance. Revenues 2,616,600 S 2,586,600 4. Assume the role of management accountant at Kirsch. How would you Variable manufacturing costs 1,646,400 1.580 700 present the results to Jason Altman? Should he be more concerned? If so, why? 970,200 S 1,005 900 Contribution margin Jason Altman, the business manager for ice cream products, is pleased that more Choose from any list or enter any number in the input fields and the Print Done pounds of ice cream were sold than budgeted and that revenues were up. Unfortunately, variable manufacturing costs went up, too. The bottom line is that 5 parts contribution margin declined by $35,700, which is less than 1% of the budgeted remaining revenues of $2,586,600. Overall, Altman feels that the business is running fine