The Liberty Company produces engine parts for car manufacturers. A new accountant intern at Liberty 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. (Click the icon to view the data.) Performance Report Year Ended December 31, 2017 Actual Flexible-Budget Results Variances 102,000 Units sold Revenues (sales) 693,600 435,000 Variable costs Contribution margin 258,600 198,000 Fixed costs $ 60,600 Operating income Flexible Sales-Volume Static Budget Variances Budget 92,000 331,200 165,600 165,600 105,000 $ 60,600 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.) Actual Results Flexible-Budget Variance 102,000 Units sold Revenues (sales) $ 693,600 435,000 Variable costs Contribution margin 258,600 Fixed costs 198,000 $ 60,600 Operating income Flexible Budget