(Click the ioon to view the performance report in contribution margin format) Read the Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is Requirement 3. What is the budgeted fixed cost for the period? The budgeted flxed cost for the period is assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 51,000 to 73,500 units. each variance a favorable (F) or untavorable (U). If the variance is 0, make sure to enter in a "O". A variance of zero is considered favorable.) Requirements Data table 1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted flxed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to wolume being different than originally anticipated and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales wolume of 58,500 units and the budgeted sales wolume of 56,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 51,000 to 73,500 units. 6. Using the flexible budget performance report you prepared for Requirement 5 , answer the following questions a. How much of the master budget variance (calculated in Recuirement 4) for operating income is due to volume being higher than expected? b. How much of the master budget variance for variable expenses is due to some cause other than wolume? c. What could account for the flexible budget variance for sales revenue? d. What is the volume variance for fixed expenses? Why is it this amount