Snowstorm, Inc. has compiled the following information based on results for the year ended December 31, 2021. Answer the questions noted below the flexible budget format. It is recommended that you prepare the company's flexible budget performance report for 2021 to assist you in answering these questions. Remember to label each variance as favorable (F) or unfavorable (U). Actual Results 29,250 units Snowstorm, Inc. Comparison of Planning Budget to Actual Results For the Month Ended December 31 Flexible Budget Variance Flexible Budget Sales ($62/unit) $1,820,000 Variable Expenses Direct mat. 500,000 ($17/unit) Direct labor 435,000 ($15/unit) Variable OH 527,000 ($18/unit) Total Variable 1,462,000 Exp Contribution Margin 358,000 Fixed Expenses Overhead Rent Total Fixed Exp. Operating Income $205.200 Sales Volume Variance Static Planning Budget: 30,000 units $1,860,000 510,000 450,000 540,000 1,500,000 360,000 64,000 88,800 152,800 62.000 89.000 151,000 $209.000 Provide the amounts for the following items. If the item is a variance, be sure to list F or U for Favorable or Unfavorable. 1. Sales Flexible Budget 2. Direct Materials Flexible Budget Variance 3. Direct Labor Flexible Budget 4. Contribution Margin Sales Volume Variance 5. Fixed Overhead Sales Volume Variance 6. Rent Flexible Budget 7. Rent Flexible Budget Variance