The Everlasting Balloon Company produces party balioons that are sold in multipack cases. Following is the company's performance report in contribution margin format lor May: (Click the icon to view the performance report in contrbution margin format.) Read tho requirements. Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is Requirement 3. What is the budgeted fixed cost for the period? The budgoted fixed cost for the period is Requirements 4 and 5. Compule the master budget variances. Be sure to indicate each variance as tavorable (F) or unfavorable (U.) Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originaly anticipated, and (b) due to some other unexpectod cause. Propare a floxible budget performanco roport to address these questions, using the actual sales volume of 58,000 units and the budgeted sales volume of 56,000 units Use the original budgot assumptions for sales price, variable cost per unit and foced costs, assuming the relevant range stretches from 51,000 to 68,000 units. Begin by completing the actual and master budget columns of the performance report and then the master budgot variances. Then compute the foxible budgot column and the remaining vanance columns. (Round all amounts to the nearest whole dollar, Label each vanance as favorable (F) or untavorable (U) if the variance is o, make and the remaining variance columns. (Round all amounts to the nearest whole doilar, Label each variance as favorable (F) or unfavorable (U). Hf the variance is 0 , make sure to enter in a "0\%. A variance of zero is considered favorable.)