E7-24 (similar to) A Question Help . The Groton Company produces engine parts for car manufacturers. A new accountant intern at Groton has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data. E: (Click the icon to view the data.) Read the requirements Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) Begin with the flexible budget columns, then the sales volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Round your answers to the nearest whole dollar.) Flexible Flexible-Budget Variance Actual Results 104.000 Data Table Budget 104000 Units sold Revenues (sales) $ 676,000 470.000 Variable costs JEELI 2 U Performance Report Year Ended December 31, 2017 Flexible-Budget Flexible Variances Budget Contribution margin F Sales-Volume Static 206,000 170.600 Fixed costs 115000|| U Actual Results 104,000 Variances Budget 94,000 $ 35.400 Operating income U Units sold Revenues (sales) $ $ 676,000 470,000 319,600 169,200 Variable costs Contribution margin 206,000 170.600 150,400 115,000 Fixed costs $ 35,400 $ 35,400 Operating income Print Done