The Blowing Balloon Company produces party balloons that are sold in mullpack cases. To follow is the company's performance report in contribution margin format for January Click the icon to view the performance report in contribution margin format) Read the r ements Date Requirement 1. What is the budgeted sales price per unit? Requirement 2. What is the budgeted t ense The Blowing Balloon Company Actual Performance Report For the E d uary 31 The budgeted variable spese per unit is 5 Requirements. What is the budgeted cost for the The builded cost the periodis Actual Budget Valance $ 500 $ 170.500 Requirements and Compute the budget variances. Be wro te cach variance a vorable For unable ) offerent than orginally anticipated, and due to some other expected Prepare a exible budget performance report to address the units. Use the original budget assumptions for sales prievarte content and feed costs, suming the relevant angelches from so Begin by completing the actual and master budget columns of the performance report and then the master budget ances. The computer whole For counts with a balance, make sure to enter the role olumn Labelsch variance as favorable for favor 1500 1500 The Blowing Balloon Company Flexible Budget Performance Report For the Month Ended January 31 Flexible Budget Flexible Volume Print Done Choose from any store any number intent s and then continue to the next que To with company's performance report in contulion margin format for January - Click the loon to view the performance report in contribution margformat) The budgeted feed cost for the period is $ Requirements and Compute the masterbar Berei ch vo n Manag e r of the budget and that is de volume being herhangry and b r ander s het volume of S7.000 units and the budgeted sa volume of 55,000 units. Use the budget for sale pric e perunt de co m ing r a nge oches from 0.000 to 67 000 Begin by completing the actual and master budget columns of the performance report and then the master budget variances. The compute the flexible button and the remaining variance com Round amount to the rest whole dolar. For courts with a balance sure to in the cou c h once a web ) The Bowling Balloon Company Flexible Budget Performance Report For the Month Ende January Budget Variance File Budget Varianca Less: Variable expenses Contribution margin UUEDE Choose from any lost or enter any number in tonput soide and then continue to the red question CFGHK The Blowing Balloon Company produces party balloons are sold in space Thick the loon to view the performance report in contribution margis format) . To follow is the company's performance report in contribution mari form for January Read the resume Sales revenue Less: Variable expenses Contribution margin Less: Fred expenses Operating income Requirements. Using the Bible budget performance report you prepared for Requirements, the following ustion: How much of the master b etween The amount of these b r ance for operating income to our bigger than expected iss Requirement . Using the text budget performance report you prepared for Requirements are the following in How much of the master budget voice for presiu n e case the volume The amount of the master budget variance for at expenses due to some cause the than volumes the out for the fewbie budget variance for sal e Requirements. Using the flexible budget performance report you prepared for Requirements are could account for the exible budget a nd for sale Requirement. Using the exible budget performance report you prepared for Requirements wer the follow Question: What is the volume of why is th e The volume ce ford expenses is Choose from w ith any number in the input fields and then continue to the next question PT Law ER H 2 of 4 (0 complete) ons that are sold in multipack cases. To follow is the company's performance report in contribution margin format for January: contributiop marain format 0 Requirements er unit? se per un the period 1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and b) due to some other Unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 57,000 units and the budgeted sales volume pf 55,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 50,000 to 67,000 units 6. Using the flexible budget performance report you prepared for Requirements, answer the following questions a. How much of the master budget variance calculated in Requirement 4) for operating income is due to volume being higher than expected? b. How much of the master budget variance for variable expenses is due to some cause other than volume? c. What could account for the flexible budget variance for sales revenue? d. What is the volume variance for fixed expenses? Why is it this amount? of the at variances ome other price, and me of 570 columns of sure to enter Blowing Ba Budget Pd he Month xible dget Print Done input fields and then continue to the next