Cascade, Inc. produces the basic fillings used in many popular frozen desserts and treats-vanilla and chocolate ice creams, puddings, meringues, and fuc ice-cream product group's results for June 2017 were as follows: (Click the icon to view the results.) Read the requirements. Data table Kequirements 1 and 2. Calcula into a flexible-budget variance a Begin with the flexible budget co with a $0 balance, make sure to Performance Report, June 2017 Actual Static Results Budget Actual Units (pounds) 460,000 447,000 Result Revenues $ 2,626,600 $ 2,592,600 1,651,400 1,564,500 Units (pounds) Variable manufacturing costs $ 975,200 $ 1,028,100 Revenues Contribution margin Variable mfg. costs Contribution margin Requirement 3. Calculate the s The selling-price variance is $ Jeff Geller, 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 $52,900, which is just over 2% of the budgeted revenues of $2,592,600. Overall, Geller feels that the business is running fine. - X vnat percentage is udget variance as a he nearest whole do Mequirements and Lacue the scouages vanance in une, revenues, vanaemanacurg coses ans corouson marge was percentage each manc-get vanance reve toes sounge amount own a gre into a flexible-budget variance and a sales-volume ce Begn with the Sexible budget columns, then enter in the sales volume variance and static budget variances. Finally, compute the static budget variance as a percentage of the ac budge Label e wha 30 tance, make sure to enter or in the appropriate feld & the variance is rein, do not select a label Round dollar amounts the nearest whole due and percentages to two decimal place) ance as favorable ) or unable (Frances 50 variance Actual Results Budget Budget Variances Budget Variances Budget B Uts (pounds) Revenues Valable w nas Contribution margin Requirement 3. Calculate the selling price venance The selling price varance Requirement 4. Assume the role of management accountant at Cascade How would you present the rest of Geter? Should he be me conceed? why? The Beable-Dodger yasances show that for the act sales volume of 40,000 pounds sing prices and costs per pound were The siese variance in revenues Ghoul concomed because the small budget variance in connon marges acuty made of valatie manufacra costs wwiance Ger sales volume variance in contribuon magn ading price vanance, and s