Homework: 4-1 MyAccountingLab Homework: Chapters 6-8 Score: 0 of 5 pts E7-24 (similar to) 5 of 9 (5 complete) HW Score: 41.45%, 18.65 of 45 pts Queston Help EEE(Cick the icon to viea the data.) Read the Lt Requirement 1. Calculane all the roquired vanances (If your work is accurae you wil find that the total static-budgat varianco i $Q.) Bcgin witih th fooblc budgct columns, then the salcs vclume variance colum Label cach variancc as faorable F) or unfavorablc (U For varianccs with a $0 balance, makc surc to enter " in the appropriate ficld. fthe variancc is zero, do not sclecta label Round your answers to the ncarest whole dallar) Actual Results Flexible-Budget Variance Flexible Data Table 11 000 Urits sokd Varistle costs Con magin Fixed coels Opcrating income Year Ended Docember 31, 2017 Flexible Budget 721 50 79 560 ActualFlexible-Budget 42 200 2 000 Unita sot Ravanuss (sals) 601,750 Variable costs Contnbution margin Fixed co8 Operating income 312 000 460,000 221,750 79,550 2,200 147 200 105 000 42 200 1. Calculate all theresired variences 4ir your work 2. 3. Review the vanances you have calcuated nd discuss possble causes and 9ccurate, you wal find thst What are the actual and budgatad seling peesWhat ara tha actual and budgcted variablc cost por uni PrintConc potential problems. What is the important leason learmed here? Print Done