Help nt #10 Chapter 14) Save & Exit Submit Assume that in October 2022 the Schmidt Machinery Company (Exhibit 14,1) manufactured and sold 1,070 units for $847 each. During this month, the company incurred $460100 total variable costs and $181.200 total fixed costs. The master budget data for the month are as given in Exhibit 141, Required: 1. Prepare a flexible budget for the production and sale of 1,070 units. 2. Compute for October 2022 a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable or unfavorable b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable. 3. Compute for October 2022 a. The total flexible budget variance indicate whether this variance was favorable or unfavorable b. The total variable cost flexible budolt variance Indicate whether this variance was favorable or unfavorable c. The total foxed cost flexible budget variance Indicate whether this variance was favorable or unfavorable d. The selling price variance Indicate whether this variance was favorable or unfavorable Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget for the production and sale of 1,070 units. Units sold Sales $ $ 0 Required 2 > AW 20 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 02:11:40 Compute for October 2022: a. The sales volume variance, in terms of operating income indicate whether this variance was favorable or unfavorable b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable Show Sales Volume Variance Operating income Contribution margin 270 C a w Complete this question by entering your answers in the tabs below. Required 1 Required 2 Hequired Compute for October 2022: a. The total flexible budget variance Indicate whether this variance was favorable or unfavorable b. The total variable cost flexible budget variance Indicate whether this variance was favorable or unfavorable c. The total fixed cost flexible budget variance Indicate whether this variance was favorable or unfavorable d. The selling price variance Indicate whether this variance was favorable or unfavorable Show The total ile budget variance b. The total vanable cost flexible budget variance c. The total feed cost flexible budget van d. The ting province A Aw