Teaparty is a small tax consulting firm offering its services to both corporate and private clients. Teaparty has installed a standard costing system whereby its CEO can analyze variances at the end of each year. The (static) budget for 2017 is set equal to the actual data of 2016. In 2016, Teaparty served 600 clients, generating total revenues of $300,000. Its variable costs in 2016 consisted of $144,000 professional labor costs, and $36,000 administrative support costs. Teaparty's fixed cost in 2016 was $45,000. Teaparty's actual data for 2017 is as follows: an actual number of 680 clients served resulted in actual revenues of $360,000; actual professional labor cost was $165,000; actual administrative support cost was $40,000; and actual fixed cost was $43,000. Required: Compute sales-volume variances and flexible-budget variances for revenues, professional labor costs, administrative support costs, and for fixed costs. Please fill the blanks numbered (1) to (16). Based on Year 2016 Year 2017 Static Budget | Actual 600 680 SV For U FBV For U Units (clients) (1) (2) (3) 300,000 360,000 Revenues Variable costs: (5) Profess labor 144,000 165,000 (10) (11) (12) Admin support 36,000 40,000 Contribution margin 120,000 155,000 (13) (14) (15) (16) Fixed cost Operating income 45,000 75,000 43,000 112,000