Top managers of Yearon Lad predicted the following year's sales of 147.500 units of its product at a unit price of $9.40. Actual sales for the year were 144.500 unts at $11.00 each. Variable expenses were budgeted at $2.40 perunt, and actual variable esperies were $2.70 per unit. Achilled expenses of $400.000 exceeded budgeted fred pensies by 532.500. Prepare Yearon d'income walement performance report What variance contributed most to the year's favorable results? What caused this variance? Prepare Yearon Lady income statement performance report. (For accounts with a zero balance, make sure to enter in the appropriate column. Label each variance as favorabile (7) or untuvourable us. If the variante la zero, do no select all) Yearon Lid. Income Statement Performance Report For the Year Flexible Budget for Actual Results Flexible Budget Actual Number of Sales Volume Static Master) Actual Prices Variance Output Us Budget Oulputuri Operating income Score: 0 of 30 pts E10-22A (similar to) Question Help Top managers of Yearon Lid predicted the following year's sales of 147.500 units of its product at a unit price of $9.40. Actual sales for the year were 144.500 units at $11.00 each. Variable expenses were budgeted at $2.40 per unit and actus variable expenses were $2.70 per unit. Actual foed expenses of $450,000 eded budgeted fixed expenses by 532.500. Prepare Yearon Lad's income statement performance report. What variance contributed most to the year's favourable results? What caused this variance? Prepare Yearon Lid income statement performance report. (For accounts with a ser balance, make sure to enter in the appropriate column. Label each variante as favourable (F) or unfavourable (U). If the variance is zero, Yearon Ltd. Income Statement Performance Report For the Year Actual Results at Flexible Budget for Actual Number of Output Units Flexible Budget Variance Sales Volume Actual Prices Static (Master) Budget Variance Output units Sales revenue Variable expenses Forced expenses Total expenses Operating income