E10-25A (similar to) EQuestion Help The Everlasting Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for March: (Click the icon to view the performance report in contribution margin format.) Read the requirements Requirements Data Table Requirement 1. What is The budgeted sales price 1. What is the budgeted sales price per unit? The Everlasting Balloon Company 2. What is the budgeted variable expense per unit? Actual vs. Budget Performance Report 3. What is the budgeted fixed cost for the period? For the Month Ended March 31 4. Compute the master budget variances. Be sure to indicate each variance as favarable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 62,500 units and the budgeted sales volume of 57,000 units. Use the original budget assumptions for sales price, variable oast per unit, and fixed costs, assuming the relevant range stretches from 52,000 Master Master Budget Variance Actual Budget Sales volume (number of cases 62,500 57,000 sold) to 72,500 units 6. Using the flexible budget performance report you prepared for Requirement 5, answer the following questions: S 199,700 $ Sales revenue 176,700 95,000 85,500 Less: Variable expenses How much of the master budget variance (calculated in Requirement 4) for operating income is due to volume being higher than expected? How much of the master budget variance for variable expenses is due to some cause other than . Contributian margin S104,700 $ 91,200 b. 65,000 66,700 Less: Fixed expenses volume? 38,000 $ 26,200 What could account for the flexible budget variance for sales revenue? Operating income C. d. What is the volume variance far fixed expenses? Why is it this amount? Enter any number in the Print Done Print Done parts remaining