Requirements 1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable 5. Management would like to determine the portion of the master budget variance that is (a) due to volumee being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 57,500 units and the budgeted sales volume of 54,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 49,000 to 62,500 units. 6. Using the flexible budget performance report you prepared for Requirement 5, answer the following questions a. How much of the master budget variance (calculated in Requirement 4) for operating income is due to volume being higher than expected? D. How much the master budget variance Tor variable expenses 1s due to some cause other nan volume? What could account for the flexible budget variance for sales revenue? c. d. What is the volume variance for fixed expenses? Why is it this amount? PrintDone