E7-24 (similar to) Ouestion HD The Ulica Company produces engine parts for car manufacturers. A new accountant internal Utica 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 Click the loon to view the data) Requirement 1. Calculate all the required variances your work is accurate, you will find that the total statio-oudget variances 50) nation.column Labach, vamos able to unfavorat Ba t xi budan olumns than the o r variances w balance, make sure to enter in propriate 0 Requirements Data Table 1. Calcule the required varies (your work is accurate, you will find that the total ac-budget variance is $0.) 2. What are the actual and budgeted selling prices? What are the actual and budgeted costs per unit 3. Rew e variances you have calculated and discuss possible and potential problems. What is the important lesson learned here? Performance Report Your Ended December 31, 2017 Flexible Budget Flexible Verliances Budget Actual Static Budget 100,000 Am Dono 633,700 Contribution margin Food costs Choose from any list or enter any number in the input fields and then click Ched Operating income 8 Catania Print Done