= Homework: Homework ch. 7 Question 3, T17-1 (similar to) Part 1 of 3 > Red Draperies makes and sells curtains. Information related to its performance in 2020 is given below: (Click the icon to view the data.) Calculate Red Draperies' static-budget variance for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Begin by determining all of the actual amounts, then the static budget amounts, and finally the static-budget variances. Label each variance as favorable (F) or unfavorable (U). Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Actual Results Data table Actual Budgeted Units made and sold 1,420 1,320 Selling price Variable costs $ Fixed costs $ $200 per curtain 169,000 70,000 $ $204 per curtain $105 per curtain 66,000 Print Done HW Score: 0%, 0 of 8 points O Points: 0 of 1 - X Activate Windows Clear all s to actBLE WINICIO Check an 7:14