In reference to problem solved here: https://www.coursehero.com/tutors-problems/Managerial-Accounting/25118853-1arrange-a-flexible-budget-2Compute-the-sales-volume-variance-and-t/

• Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget.
• Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results.