Assume that in October 2022 the Schmidt Machinery Company (Exhibit 141) manufactured and sold 900 units for $710 each. During this month, the company Incurred $387.000 lotal variable costs and $180,500 total fixed costs. The master budget data for the month are as given in Exhibit 14.1. Required: 1. Prepare a flexible budget for the production and sale of 900 units. 2. Compute for October 2022 a. The sales volume variance, in terms of operating income, Indicate whether this variance was favorable or unfavorable. b. The sales volume varance, in terms of contribution margin, Indicate whether this variance was favorable or untavorable. 3. Compute for October 2022: a. The total flexible budget variance. Indicate whether this vatiance was favorable or unfavorable. b. The total variable cost flesible budget variance. Indicate whe ther this variance was favorable or unfavorable. c. The total fixed cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. d. The selling price variance. Indicate whether this vatiance was fivotable or unfaworable. Complete this question by entering your answers in the tabs below. Prepare a fiexible budget for the production and sale of 900 units. Required: 1. Prepare a flexible budget for the production and sale of 900 units. 2. Compute for October 2022 : a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable or unfavorable. b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable 3. Compute for October 2022 : a. The total flexible budget variance. Indicate whether this variance was favorable or unfavorable. b. The total variable cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. c. The total fixed cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. d. The selling price variance. Indicate whether this variance was favorable or unfavorable. Complete this question by entering your answers in the tabs below. Prepare a flexible budget for the production and sale of 900 units. Complete this question by entering your answers in the tabs below. Compute for October 2022: a. The sales volume varlance, in terms of operating income, Indicate whether this variance was favorable or unfavorable. b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable. Complete this question by entering your answers in the tabs below. Compute for October 2022; a. The total flexible budget variance. Indicate whether this variance was favorable or unfavorable b. The total variable cost flexible budget variance. Indicate whether this variance was favorable or unfavorable c. The total fixed cost flexible budget variance. Indicate whethor this wariance was favorable or unfavorable. d. The seling price variance. Indicate whether this variance was favorable or unfavorable. Assume that in October 2022 the Schmidt Machinery Company (Exhibit 141) manufactured and sold 900 units for $710 each. During this month, the company Incurred $387.000 lotal variable costs and $180,500 total fixed costs. The master budget data for the month are as given in Exhibit 14.1. Required: 1. Prepare a flexible budget for the production and sale of 900 units. 2. Compute for October 2022 a. The sales volume variance, in terms of operating income, Indicate whether this variance was favorable or unfavorable. b. The sales volume varance, in terms of contribution margin, Indicate whether this variance was favorable or untavorable. 3. Compute for October 2022: a. The total flexible budget variance. Indicate whether this vatiance was favorable or unfavorable. b. The total variable cost flesible budget variance. Indicate whe ther this variance was favorable or unfavorable. c. The total fixed cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. d. The selling price variance. Indicate whether this vatiance was fivotable or unfaworable. Complete this question by entering your answers in the tabs below. Prepare a fiexible budget for the production and sale of 900 units. Required: 1. Prepare a flexible budget for the production and sale of 900 units. 2. Compute for October 2022 : a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable or unfavorable. b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable 3. Compute for October 2022 : a. The total flexible budget variance. Indicate whether this variance was favorable or unfavorable. b. The total variable cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. c. The total fixed cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. d. The selling price variance. Indicate whether this variance was favorable or unfavorable. Complete this question by entering your answers in the tabs below. Prepare a flexible budget for the production and sale of 900 units. Complete this question by entering your answers in the tabs below. Compute for October 2022: a. The sales volume varlance, in terms of operating income, Indicate whether this variance was favorable or unfavorable. b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable. Complete this question by entering your answers in the tabs below. Compute for October 2022; a. The total flexible budget variance. Indicate whether this variance was favorable or unfavorable b. The total variable cost flexible budget variance. Indicate whether this variance was favorable or unfavorable c. The total fixed cost flexible budget variance. Indicate whethor this wariance was favorable or unfavorable. d. The seling price variance. Indicate whether this variance was favorable or unfavorable