4. Assume that Bene Petit's actual operating results were as follows: . Total customer meals sold...

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4. Assume that Bene Petit's actual operating results were as follows: . Total customer meals sold = 28,000 . Actual sales mix = 10% single-serving, 20% dual-serving, and 70% family-sized meals Total servings (customer meals) = 92,400 Average sales price = $4.90 per serving Direct materials = 50,820 pounds of Ingredients purchased and used at a total cost of $104,181 Direct labor = $15,400 for 700 labor hours . Variable production overhead = $7,350 Cost of donated meals = $1.20 per donated meal . Delivery expense (customer meals) = $12.600 Delivery expense (donated meals) = $8,400 Fixed production expenses = $40,000 Fixed selling expenses = $32,000 Fixed administrative expenses = $24,000 Use the C. Actual tab in the provided Excel sheet to compute actual operating Income. Required: a. How much was the actual operating Income for Year 4? Actual operating income b. What is the total difference in operating profit between actual results and the master budget? Is this variance favorable or unfavorable? Enter the dollar value of the variance as an absolute value (positive number) and use the drop-down menu to indicate if the variance is favorable of unfavorable. Total Profit Variance c. How much of the total profit variance is due to the volume and mix of customer meals sold (I.e., the difference between the master budget and the flexible budget)? Is this variance favorable or unfavorable? Enter the dollar value of the variance as an absolute value (positive number) and use the drop-down menu to indicate if the variance is favorable of unfavorable. Contribution margin volume variance 4. Assume that Bene Petit's actual operating results were as follows: . Total customer meals sold = 28,000 . Actual sales mix = 10% single-serving, 20% dual-serving, and 70% family-sized meals Total servings (customer meals) = 92,400 Average sales price = $4.90 per serving Direct materials = 50,820 pounds of Ingredients purchased and used at a total cost of $104,181 Direct labor = $15,400 for 700 labor hours . Variable production overhead = $7,350 Cost of donated meals = $1.20 per donated meal . Delivery expense (customer meals) = $12.600 Delivery expense (donated meals) = $8,400 Fixed production expenses = $40,000 Fixed selling expenses = $32,000 Fixed administrative expenses = $24,000 Use the C. Actual tab in the provided Excel sheet to compute actual operating Income. Required: a. How much was the actual operating Income for Year 4? Actual operating income b. What is the total difference in operating profit between actual results and the master budget? Is this variance favorable or unfavorable? Enter the dollar value of the variance as an absolute value (positive number) and use the drop-down menu to indicate if the variance is favorable of unfavorable. Total Profit Variance c. How much of the total profit variance is due to the volume and mix of customer meals sold (I.e., the difference between the master budget and the flexible budget)? Is this variance favorable or unfavorable? Enter the dollar value of the variance as an absolute value (positive number) and use the drop-down menu to indicate if the variance is favorable of unfavorable. Contribution margin volume variance