Problem One [10 Marks]: Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Sales- Actual Flexible Flexible Volume Static Analysis Units Sold Revenues Variable Costs Fixed Costs Results Variances Budget 112,500 $42,080 Variances Budget 103,125 (B) 112,500 (A) $15,860 $2,340 F $18,200 $9,140 $1,000F $200 U $860 F $1,400 U (C) $8,280 $9,140 Operating Income $16,080 $15,140 $17,740 (E) (D) Answer Required for the following questions: [1.5 Marks] [1.5 Marks [2 Marks] [1.5 Marks] [1.5 Marks] [2 Marks] (A)? the respective flexible-budget revenues a. What are b. What are (B)? the static-budget revenues c. What are the actual variable costs (C)? d. What is the total flexible-budget variance (D)? e. What is the total sales-volume variance (E)? f. What is the total static-budget variance