\begin{tabular}{|lr|} \hline \multicolumn{2}{|c|}{ Information } \\ \hline \\ \hline Actual units sold & \\ \hline Actual selling price & $1,400 \\ \hline Actual amount paid for direct materials & $213,850 \\ \hline Pounds of direct materials purchased and used & 32,900 \\ \hline Actual amount paid for direct labor & $444,150 \\ \hline Actual direct hours worked & 16,450 \\ \hline Actual amount of variable manufcturing overhead & $188,000 \\ \hline Actual amount of variable selling \& adminsitrative expenses & $131,600 \\ \hline Actual amount of fixed manufcturing overhead & $115,000 \\ \hline Actual amount of fixed selling \& adminsitrative expenses & $127,000 \\ \hline \end{tabular} 4. Using the information on the "Variances" Worksheet, prepare the contribution margin style income statement (Actual results)for the first quarter of the year. Also, determine the degree of operating leverage (DOL) and margin of safety (MOS) at this level of sales. 5. Using the information on the "Variances" Worksheet, prepare the flexible budget contribution margin style income statement and flexible budget variances. When determining the variances, you should use "@IF" to properly classify the variances as either favorable or unfavorable