I got stuck on finding the first flexible budget variance 57200 please help me figure how to answer all the red marked boxes

HFT 4474: Management Accounting for the Hospitality Industry allison Suchora | 3/21/18 4:48 PM Review Homework: CH 23 HW Close Score: 0 of 1 pt 8 of 10 HW Score: 80.19%, 8.02 of 10 pts E23-17 (similar to) Question Help * Top managers of Cole Industries predicted 2018 sales of 14,700 units of its product at a unit price of $8.50. Actual sales for the year were 14,300 units at $12.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $47,000 exceeded budgeted fixed costs by $4,600 Prepare Cole's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Review Click the icon to see the Worked Solution. Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a "O" for any zero balances. For any0 variances, leave the Favorable (F)/Unfavorable (U) input blank) Cole Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 Budget Sales Budget VolumeBudget Flexible Static Budget Per Unit Actual lexible Variance 14,300 14,300 Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income 14,700 S 8.50 178,750 57,200 F 121,550 3,400 U 124,950 38,220 86,730 42,400 $ 93,140: 51,170 E $ 41,970 2,360 $ 44,330 1430 U 38,610 140,140 47,000 37,180 84,370 42,400 2.60 1,040 E 55,770 F 4,600 2,360 U Flexible Budget Variance Sales Volume Variance $ 51,170 F S 2,360 U Static Budget Variance $48,810 F What variance contributed most to the year's favorable results? What caused this variance? The variance contributing most to the year's excellent results is the favorable flexible budget variance for sales revenue is variance resulted from selling the company's product at a higher-than-expected price