The Nunda Company produces engine parts for car manulacturers. A new accountant intern at Nunda 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.) Read the requirements. 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.) Data table Performance Report Year Ended December 31, 2017 Requirements 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is 90 ) 2. What are the actual and budgeted seling prices? What are the actual and budgeted variable costs per unt? 3. Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson leamed here