Question 1 Katy Co. manufactures chairs. Some of the company's data was misplaced. Use the following information to replace the lost data Please show your work to get full credit. Actual Results Flexible Budget Variance Flexible Budget Master Budget Sales Volume Variance Sales volume (in units) 46,000 50,000 Sales revenues Flexible (variable) costs Contribution margin $950,000 430,000 520,000 430,000 90,000 $1,000,000 450,000 550,000 440,000 $110,000 B? C? (fixed) costs D? Capacity-related Operating profit Required 1) A 2) B 4) D 5) E TTT Arial 3 (12pt)