1. Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data:

Analysis	Actual Results	Flexible Variances	Flexible Budget	Sales- Volume Variances	Static Budget
Units Sold	120,500		120,500		100,500
Revenues	$45,000		$42,480		$43,880
Variable Costs	$16,060		$15,860		$18,200
Fixed Costs	$8,280		$9,140		$9,140
Operating Income

Required:

1. Calculate the flexible variances
2. Calculate the sales volume variances
3. Calculate the operating income
4. Calculate the static-budget operating income

shows you calculate