Problem 1 Treasured Trinkets Company has the following information: Required: 1. Calculate the flexible budget. Include each row of the contribution format income statement above. 2. Calcualte the Sales Activity Variances for each row of the contribution format income statement and show if each is favorable or unfavorable. 3. Calcualte the Flexible Budget Variances for each row of the contribution format income statement and Walk Through it 10.5 Standar ble or unfavorable. Wak Through it ros standary