Financial Statement Analysls BUS 352 Case #1 Budgeting / Performance Evaluation Facts Premier Manufacturing Inc, manufactures electronic devices and has established the following price and cost information: STANDARD $ 50 per unit ACTUAL $ 48 per unit Sales Price Variable Manufacturing Cost: Materials Cost Labor Cost Overhead Cost General, Selling and Admin Cost $ 10 per unit S 12 per unit $ 5 per unit s 5 per unit S 9.50 per unit $ 12 per unit $ 5.50 per unit S 6 per unit Fixed Manufacturing Cost: Manufacturing Cost General, Selling and Admin Cost $ 100,000 $ 40,000 $ 95,000 $ 48,000 Premier Manufacturing. Inc. expects to produce and sell 10.000 units. Actual production and sales amounted to 11,000 units. Reguired 0 nab-wm#sent?projector: 1 In a word document, identify 3 variances that Premier is most likely to analyze further. Explain these variances in 3 separate paragraphs. Explain why you chose these variances and give 1I potential cause of each of these variances. This should be a maximum of 500 words. This should be grammatically correct. Watch spelling, capitalization, sentence structure, verboun agreement, etc. 5) The Pro Forma Income Statement in Contribution Margin Format must be prepared using an gxcel spreadsheet. The Pro Forma Income Statement must be in the correct format and all line items must be clearly labeled with the correct descriptions. Please do your own work and remember the section on Academic Honesty regarding plagiarism from your syllabus. Evidence of plagiarism will result in a 0% for the assignment and additional action may be pursued in accordance with College policy