Part 4 of 8 Points: 0.19 of 4 The Everlasting Balloon Company produces party balloons that are sold in multi-pack cases. Following is the company's performance report in contribution margin format for January (Click the icon to view the performance report in contribution margin format) Read the requirements ine Duagetea txea cost for the period is 11,000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U) Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause Prepare a flexible budget performance report to address these questions, using the actual sales volume of 59,500 units and the budgeted sales volume of 53,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 48,000 to 74,500 units. Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Then compute the flexible budget column and the remaining variance columns (Round all amounts to the nearest whole dollar. Label each variance as favorable (F) or unfavorable (U) If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) The Everlasting Balloon Company Flexible Budget Performance Report For the Month Ended January 31 Flexible Master