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l. d The Taiclet Company produces components for air conditioning manufacturers. A new accounting intern at Clarkson has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2019. The following table is what remains of the data. Flexible Flexible Sales Static Budget Budget Volume Budget Variances Variances Units sold 130 000 120 000 $715,000 $420,000 240 000 Revenues (sales) U'1 ._| U'I C) O 0 Variable costs [\\J O O G O 0 180,000 +120 -- 55:60 Contribution margin u IIIlI Fixed Costs ON C G O 0 Operating Income Sale Price Vbl.costfunit ._| .b. O C) O O 1. Calculate all the required variances. (If your work is accurate, you will nd that the total static- budget variance is $0.) 2. What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit? 3. Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson learned here