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Thank you will upvote! This Question: 1 pt 1 of 17 (0 complete) Circle Corporation sold laser pointers for $12 each in 2017. Its budgeted

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This Question: 1 pt 1 of 17 (0 complete) Circle Corporation sold laser pointers for $12 each in 2017. Its budgeted selling price was $10 per unit. Other information related to its performance is given below: Click the icon to view the information.) (Click the icon to view the partially completed performance report.) Calculate Circle's flexible-budget and sales volume variances for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Begin with the flexible-budget variance column, then the sales volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Actual Flexible-Budget Flexible Sales-Volume Static Variance Variance Results 28,300 Budget 28,300 Budget 28,500 Units sold Revenues (sales) $ $ $ 339,600 120,000 283,000 56,600 285,000 57,000 Variable costs Contribution margin 219,600 59,000 226,400 61,000 228,000 61,000 Fixed costs $ 160,600 $ 165,400 $ 167,000 Operating income Reference x More Info Actual Flexible-Budget Flexible Sales-Volume Static Variances Variances Results 28,300 Budget 28,300 Budget 28,500 Units sold Actual Budgeted Revenues (sales) $ $ $ Units made and sold 28,300 28,500 $2 per unit 339,600 120,000 283,000 56,600 285,000 57.000 Variable costs Variable costs $ 120,000 Contribution margin Fixed costs $ 59,000 $ 61,000 219,600 59.000 226,400 61,000 165,400 228,000 61,000 Fixed costs $ 160,600 $ $ 167,000 Print Done Operating income Print Done

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