Requirement 1. Calculate all the required variances.? (If your work is? accurate, you will find that the total? static-budget variance is? $0.)

Begin with the flexible budget? columns, then the sales volume variance column. Label each variance as favorable? (F) or unfavorable? (U).

Please provide explanation on how answers were found.

Thanks.

Actual Flexible-Budget Flexible Results Variance Budget 105000 Units sold Revenues (sales Variable costs Contribution margin Fixed costs Operating ncme 105,000 672,000 445,000 227,000 178,200 48,800 $