eva ondongo 03/03/22 3:54 PM Test: Test #2 Question 9 of 12 This test: 100 point(s) possible This question: 16 point(s) possible Submit test The Flowing Balloon Company produces party balloons that are sold in multi-pack cases. Following is the company's performance report in contribution margin format for August: TE(Click the icon to view the performance report in contribution margin format.) Read the requirements . Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 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 55,500 units and the budgeted sales volume of 53,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 48,000 to 70,500 units. Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Then compute the flexible budget column and the remaining variance columns. (Round all amounts to the nearest whole dollar. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) The Flowing Balloon Company Flexible Budget Performance Report For the Month Ended August 31 Flexible Master Budget Flexible Volume Master Budget Budget Variance Actual Variance Budget Variance Time Remaining: 01:19:57 Next MacBook Pro + G Search or type URL