ll]. Answer the follova'ng questions: a. 1ifhat is the Flex budget variance for operating income? 96 F or U? [l] b. 1What is the Volume variance for operating income? if: F or U? [1} c. Does the combination of the ex budget variance and volume variance sum to the master budget variance for operating income? Y or N? Should it always sum to the master budget variance? Y or N? [l] d. How much of the master budget variance for Sales revenue was caused b},F an unanticipated increase in volume? F or U? (1} e. How much of the master budget variance for Commissions Esp. was caused b3:r an unantici pated increase in volume? F or U? {1) f. How much of the master budget variance for Advertising Expenses was caused by an unan ticipated increase in volume? F or U? [1} g. How much of the master budget variance for CGS was caused by some factor other than volume? (Hint: this is NOT a manufacturing business). $ F or U? (1] 1What could account for this variance? (1} b. How much of the master budget variance for Sales Revenue was caused by some factor other than volume? 35 F or U? (l) 1.Flfhat could account for this variance? (1) i. How much of the master budget variance for Advertising Esp. was caused 13}? some factor other than WIIIITIF'? Hi F or I]? (l i 'iu'LThat could account for this variance? fl"