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Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Flexible Variances Sales- Volume Variances

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Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Flexible Variances Sales- Volume Variances Analysis Units Sold Revenues Variable Costs Fixed Costs Operating Income Actual Results 120,500 $45,000 $16,060 $8,280 Flexible Budget 120,500 $42,480 $15,860 $9,140 Static Budget 100,500 $43,880 $18,200 $9,140 Required: a. Calculate the flexible variances b. Calculate the sales volume variances Calculate the operating income d. Calculate the static-budget operating income

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