As part of its comprehensive planning and control system, Mopar Company...

Required information*[ The following information applies to the questions displayed below* !'As part of its comprehensive planning and control system , Mopar Company uses a master budget and subsequent*variance analysis ." You are given the following information that pertains to the company's only product ,* L - 10 , for the monthof December .Required :`1 . Using text Exhibit 14 . 4 as a guide , complete the missing parts of the following profit report for December .*2. Based on your completed profit report , determine the dollar amount , and label ( Favorable or Unfavorable ; each of the following*variances for December .\a . Total master ( static ) budget variance ( also referred to as the total operating income variance for the period )62 . Total flexible -budget variance ."c. Sales volume variance , in terms of operating income .J. Sales volume variance , in terms of contribution margin .E . Selling price variance*Complete this question by entering your answers in the tabs below .Required 1Required 2Using text Exhibit 14 . 4 as a guide , complete the missing parts of the following profit report for December . ( If a variance has no amount , select " None " in thecorresponding dropdown cell . ]Actual resultsFlexible -budget variancesFlexiblebudgetSales volume variancesMaster ( static )budgetUnit sales1 17, 000117, 000|Favorable105, 000Sales505, 000O| NONE585, 000 | }60, 000| Favorable*525, 000Variable costs$4 4. 600Unfavorable*Unfavorable*31.5, 000Contribution margin140. 400Unfavorable*Favorable*210,000Fixed costs79,000Favorable*None52,000Operating income*61. 400Unfavorable*Favorable1 18,000 Required 1 Required 2 2. Based on your completed pro?t report, determine the dollar amount, and label [Favorable or Unfavorable" each ofthefollowing variances for December: (If a variance has no amount, select "None" in the corresponding clropdown cell.) a. Total master (static) budget variance [also refen'ed to as the total operating income variance for the period}. b. Total ?exible—budget variance. c. Sales volume variance, in terms of operating income. d. Sales volume variance, in terms of contribution margin. e. Selling price variance. Show Its-55L Total master [static] budget valiance -- Total ?exible-budget variance c. Sales volume valiance, in terms of operating incomed. Sales volume valiance, in terms of contribution margine. Selling price valiance