= Homework: Homework ch. 7 Question 2, T17-3 (similar to) Part 1 of 2 HW Score: 0%, 0 of 8 points Save O Points: 0 of 2 Pointer Draperies makes and sells curtains. Information related to its performance in 2020 is given below: (Click the icon to view the information.) (Click the icon to view the partially completed performance report.) Calculate Pointer Draperies' flexible-budget and sales-volume variances for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Data table Begin with the flexible-budget variance column, then the sales-volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 ball select a label.) Selling price Actual Budgeted Units made and sold 1,160 1,360 $210 per curtain $218 per curtain Variable costs Fixed costs $ 165,000 $113 per curtain $ 77,000 $ 75,000 Actual Flexible-Budget Results Variance Flexible Budget Units sold 1,160 1,160 Revenues (sales) $ 243,600 $ 165,000 252,880 131,080 Reference Variable costs Contribution margin 78,600 121,800 77,000 75,000 Actual Results Variances Fixed costs Flexible-Budget Flexible Sales-Volume Variances Budget Static Budget $ 1,600 $ 46,800 1,160 1,160 1,360 Units sold Operating income Revenues (sales) $ 243,600 $ 252,880 $ 296,480 165,000 131,080 153,680 Variable costs. Contribution margin 78,600 121,800 142,800 77,000 75,000 75,000 Fixed costs $ 1.600 $ 46,800 S 67,800 Operating income A IL 3 Print Done Print Done - X Activate Windows Clear all Check answer 85F Partly sunny ENG 7:14 PM 07/20/22