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Data table John Finkel, the business manager for ice-cream products, is pleased that more pounds of ice cream were sold than budgeted and that revenues

image text in transcribedimage text in transcribed Data table John Finkel, 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 $49,000, which is less than 2% of the budgeted revenues of $2,893,800. Overall, Finkel feels that the business is running fine. the next. The ice-cream product group's results for June 2020 were as follows: (Click the icon to view the results.) Read the requirements. each static-budget variance into a flexible-budget variance and a sales-volume variance. X.XX%. Requirement 3. Calculate the selling-price variance. The selling-price variance is Requirement 4. Assume the role of management accountant at Bombe. How would you present the results to John Finkel? Should he be more concerned? If so, why? The flexible-budget variances show that for the actual sales volume of 560,000 pounds, selling prices were and costs per pound were The sales-volume variance in revenues the variable-cost variance. Finkel should concerned because the small static-budget variance in contribution margin is actually made up of a(n) sales-volume variance in contribution margin, a(n) selling-price variance, and a(n) variable manufacturing costs variance. Finkel

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