Score: out of 15 Question #4 Acme Industries Actual Master Budget 1,050 Units Revenues Variable manufacturing cos 93,625 $ 93,450 Variable marketing costs 18,832 18,375 Contribution margin Fixed manufacturing costs 44,500 $ 45,000 Fixed marketing costs Fixed administrative costs 27,500 25,000 Operating profit 1,070 s 235,400 236,250 122,943 $ 124,425 31,500 30,000 s 19,443 24,425 Acme Company prepared a budget last period that called for sales of 1,050 units at an average price of $225 per unit. Variable manufacturing costs were budgeted to be $89.00 per unit and variable marketing costs were budgeted to be $17.50 per unit. Total fixed manufacturing, marketing, and administrative costs were budgeted to be $45,000, $30,000, and $25,000, respectively. During the period, actual sales totaled 1,070 units (units produced equaled units sold), and actual revenues totaled $235,400. Actual variable manufacturing costs were $93,625, and actual variable marketing costs were $18,832. Total fixed manufacturing costs were $44,500, total fixed marketing costs totaled $31,500, and total fixed administrative costs were $27500 5 1) Calculate Master Budget Variances. Show your work. 2) Prepare a Flexible Budget. Show your work. 3) Calculate Sales Volume Variances. Show your work. 4) Calculate Flexible Budget Variances. Show your work. Note: Be sure to indicate whether each variance is favorable or unfavorable