As the new accountant for Cohen \& Company, you have been asked to provide a succinct analysis of financial pertormance for the year lust ended. You obtain the following information that pertains to the company's sole product: Requlred: 1. What was the actual operating income for the period? 2. What was the company's moster budget operating income for the period? 3. (0) What was the total master budget varlonce, In terms of operating income, for the period? (b) is this variance favorabie or unfavorabie? (if a variance has no amount, select "None" in the corresponding dropdown cell.) 4. The total master budget vartance for a period can be decomposed into a total flekible budget variance and a sales volume varlane (a) What was the total flexible-budget variance for the period? (b) Was this variance favorable or unfovorabie? (c) What was the salos volume variance for the period? (d) Was this variance fovorabie or unfovorabie? (if a variance has no amount, select "None" In the corresponding dropdown cell.)