Complete requirements 1a,b,c and 2

P7-31 (similar to) E Question Help Polar, Inc., manufactures a full line of sunglasses frames and lenses the following information i Click the icon Wooten collected to view the information) to view the information on Polar, Inc (Click the icon Wooten will be asked to explain the following performance report for 2014 Assume there are no variable manufacturing overhead costs. The actual variable (Click the icon to view the report.) manufacturing costs in 2014 were as follows: 1 (Click the icon to view the actual costs) Read the reguirements and uirement 1. Prepare a report that includes the following la.) selling price variance (b) sales-volume variance and flexible budget variance for operating income. 7-38 materials frames, materials-enses, and direct manufacturing labor. a. Begin by computing the selling price variance for 2014 Determine the formula, then compute the variance. Label the variance as favorable (F) or unfavorable (u) J x L Selling price variance