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

Performance Report, Year Ended December 31, 2020

Actual Results Flexible-Budget Variances Flexible Budget Sales-Volume Variances Static Budget

/Units sold 99,000 / 0 / /0 / / 0 / / 0 / 96,000

Revenues (sales) $693,0000/ 0 / / 0/ / 0/ $393,600

Variable costs 470,000 / 0/ / 0/ 0/ / 216,000

Contribution margin 223,000 /0 / /0 / /0 / 177,600

Fixed costs 130,400 /0 / /0 / /0 / 85,000

Operating income $92,600 / 0/ /0/ /0/ $92,600

Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) Begin with the flexible budget columns, 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. Round your answers to the nearest whole dollar.)

Begin with the flexible budget columns, 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. Round your answers to the nearest whole dollar.)

Actual

Flexible-Budget

Flexible

Results

Variance

Budget

Units sold

99,000

Revenues (sales)

$693,000

Variable costs

470,000

Contribution margin

223,000

Fixed costs

130,400

Operating income

$92,600