Create a post on the Variance Analysis discussion board. Analyze the variances from the flexible budget below and identify an issue that management should investigate further

The Wonka Company has just completed their 2021 fiscal year. The budgeted operating income was $234,400 and the actual operating income was a loss of ($5,175). The CFO is very disappointed at the results so she would like to understand the reasons why the company was so far off budget. Units Sold Revenue Expenses: Cost of Goods Sold Commission Expense Advertising Expense Salaries Expense Insurance Expense Rent Expense Depreciation Expense Total Expenses Net Operating Income The Wonka Company Flexible Budget Performance Report For the Year Ended December 31, 2021 Actual Results $ $ 36,750 5,512,500 4,263,000 55,125 31,000 996,000 17,625 135,425 19,500 5,517,675 Spending Variances $ 73,500 U $ 220,500 U Flexible Budget 5,000 U 4,000 F 375 F 16,575 F 204,550 U (5,175) $278,050 U $ 36,750 5,586,000 4,042,500 55,125 26,000 1,000,000 18,000 152,000 19,500 5,313,125 272,875 Sales Volume Variances 950 F Master Budget $ 144,400 F $ 104,500 U 1,425 U 105,925 U $ 38,475 F $ 35,800 5,441,600 3,938,000 53,700 26,000 1,000,000 18,000 152,000 19,500 5,207,200 234,400