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. Teapartys fixed cost in 2016 was $45,000.

Teapartys 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	SVV	F or U	FBV	F or U
Units (clients)	600	680
Revenues	300,000	360,000	(1)	(2)	(3)	(4)
Variable costs:
Profess labor	144,000	165,000	(5)	(6)	(7)	(8)
Admin support	36,000	40,000	(9)	(10)	(11)	(12)
Contribution margin	180,000	205,000
Fixed cost	45,000	43,000	(13)	(14)	(15)	(16)
Operating income	75,000	112,000