The Beekman Company produces engine parts for car manufacturers. A new accountant intern at Beekman has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data.

Performance Report
Year Ended December 31, 2017
	Actual	Flexible-Budget	Flexible	Sales-Volume	Static
	Results	Variances	Budget	Variances	Budget
Units sold	103,000				97,000
Revenues (sales)	$695,250				$412,250
Variable costs	450,000				218,250
Contribution margin	245,250				194,000
Fixed costs	156,250				105,000
Operating income	$89,000				$89,000

1.	Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.)
2.	What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit?
3.	Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson learned her