The

SodusSodus

Company produces engine parts for car manufacturers. A new accountant intern at

SodusSodus

has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31,

20172017.

The following table is what remains of the data.

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(Click the icon to view the data.) Read the requirements

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.

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	Flexible-Budget		Flexible
	Results	Variance		Budget
Units sold	101,000
Revenues (sales)	$681,750
Variable costs	450,000
Contribution margin	231,750
Fixed costs	225,950
Operating income	$5,800