Arrow.ine, produce bange used in many popular froen ets and treats-vanila and chocolate ice cream, pudien, mens and todge Cascade unos utandard contro and carries over no inventory tomone month to the next. The ice cream product groups out for Ano 2020 were now mick the icon to view the results) Read more Malo budoel vance Woodetud olunce de volume varie Requirements 1 and 2. Calculate the static budget anden unto revenues, vertatio manufacturing couts and contribution margin. Wat percentages each stato butost wance relative to its state bufont amount break down each Bogin with the exibe budgoloumne, then enter in the sales vol variance and to budget atare al compute the state budget and a percentage of the label chains favorable or wowote uliowances with a 50 beure male we lo enter in the appropria fide wundern, do not stabil. Houd date nout bani www ind provides to modo Units (pounds) Revenues Variable mig om Corbulion marge Flexible Actual Budget Flexible Results Variances Budou 360000 340000 31.08.600 32.400 V 31,672.000 1400.400 U 1322400 $3,200 U 549600 Requirements 1. 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? 2. Break down each static-budget variance into a flexible-budget variance and a sales-volume variance. 3. Calculate the selling price variance. 4. Assume the role of management accountant at Arrow. How would you present the results to Jesse Baum? Should he be more concerned? If so, why? Print Done Data table Performance Report, June 2020 Actual Results Static Budget 360,000 348,000 Units (pounds) Revenues $ 1,839,600 $ 1,809,600 Variable manufacturing costs 1,400,400 1,322,400 439,200 $ 487,200 Contribution margin $ Jesse Baum, the business manager for ice-cream products, is pleased that more 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 contribution margin declined by $48,000, which is less than 3% of the budgeted revenues of $1,809,600. Overall, Baum feels that the business is running fine