Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders. Therefore, the company has no inventories, AND, units produced equals units sold. The following information is available. Actual Quantities, Budgeted Quantities, Prices, & Costs Prices, & Costs Lamps (units) 450,000 480,000 Selling Price per liter $11.00 $10.00 DM Cost per unit $3.20 $3.00 DL Cost per unit $0.61 $0.70 Variable Mnfg Overhead per unit $1.50 $1.30 Variable Marketing per unit $1.05 $1.00 Fixed Mnfg Overhead $988,800 $960,000 Fixed Marketing $288,000 $300,000 Fixed Administrative $204,000 $180,000 Prepare a Variance Analysis by generating the Flexible Budget and Actual Performance. Calculate the Price and Spending Variances. Question 1: For the Flexible Budget, enter Contribution Margin. Question 2: For the Flexible Budget, enter Operating Profit. Question 3: For Actual Performance, enter Contribution Margin. Question 4: For Actual Performance, enter Operating Profit. Enter Favorable Variance as Positive Number, Unfavorable Variance as Negative Number. Question 5: Enter the Price Variance for Revenue. Question 6: Enter the Spending Variance for Direct Materials Question 7: Enter the Spending Variance for Direct Labor. Question 8: Enter the Spending Variance for Variable Mnfg. Overhead. Question 9: Enter the Spending Variance for Variable Marketing Costs. Question 10: Enter the Spending Variance for Fixed Mnfg. Overhead. Question 11: Enter the Spending Variance for Fixed Marketing Costs. Question 12: Enter the Spending Variance for Fixed Administrative Costs.