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As part of its comprehensive planning and control system, Mopar Company uses a master budget and subsequent variance analysis. You are given the following information that pertains to the company's only product, XL-10, for the month of December.

Required:

1. Using textExhibit 14.4as a guide, complete the missing parts of the following profit report for December.

a. Total master (static) budget variance b. Total flexible-budget variance C. Sales volume variance, in terms of operating income d. Sales volume variance, in terms of contribution margin e. Selling price variance Required 1 Required 2 Using text Exhibit 14.4 as a guide, complete the missing parts of the following profit report for December. (If a variance has no amount, select "None" in the corresponding dropdown cell.) Actual results Flexible-budget variances Flexible Sales volume variances Master (static) budget budget Unit sales 101,000 90,000 Sales S 505,000 S 450,000 Variable costs 383,800 270,000 Contribution margin S 121,200 S 180,000 Fixed costs 75,000 100,000 Operating income 46,200 80,000