HELP PLEASE

CHART FORMAT IS IDEAL IF POSSIBLE!

1. Prepare a flexible budget performance report. a. Compute operating income based on the static budget b. Compute the flexible budget based on actual units c. Compute operating income based on actual results d. Compute the flexible budget variances as absolute values and label them as F (favorable) or U (unfavorable) e. Compute the sales volume variances as absolute values and label them as F (favorable) or U (unfavorable) 2. Calculate the overall budget variance for operating income, and label it as F (favorable) or U (unfavorable) variance. 3. Explain these variances to your management team. direments Prepare a flexible budget performance report, including the heading Use the AsS function when calculating variances, and use the drop-down selections for F or U when describing the variances. Calculate the overall budget variance for operating income, and label it as a F (favorable) or U (unfavorable) variance. Flexible budget variance Sales volume variance 1. Prepare a flexible budget performance report. a. Compute operating income based on the static budget b. Compute the flexible budget based on actual units c. Compute operating income based on actual results d. Compute the flexible budget variances as absolute values and label them as F (favorable) or U (unfavorable) e. Compute the sales volume variances as absolute values and label them as F (favorable) or U (unfavorable) 2. Calculate the overall budget variance for operating income, and label it as F (favorable) or U (unfavorable) variance. 3. Explain these variances to your management team. direments Prepare a flexible budget performance report, including the heading Use the AsS function when calculating variances, and use the drop-down selections for F or U when describing the variances. Calculate the overall budget variance for operating income, and label it as a F (favorable) or U (unfavorable) variance. Flexible budget variance Sales volume variance