Question: Complete the following variance analysis for Cloud Industries. Static (Master) Budget Actual Results Flexible Budget Variance Units Sold 75,000 80,000 Revenue $975,000 $1,030,000 Variable costs

Complete the following variance analysis for Cloud Industries.

Static (Master) Budget

Actual Results

Flexible Budget

Variance

Units Sold

75,000

80,000

Revenue

$975,000

$1,030,000

Variable costs

330,000

345,000

Contribution margin

645,000

3,000 U

Fixed costs

203,000

210,000

7,000 U

Operating profit

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