I need help with this management accounting question, please show detailed steps.

As the new accountant for Cohen 8: (30., you have been asked to provide a succinct analysis of financial performance for the yearjust ended. You obtain the following information that pertains to the company's sole product: Master (Static) Actual Budget Units sold 35,800 48,800 Sales $408,800 $468,800 Variable costs 238,800 276,800 Fixed costs 143,125 148,800 Required: 1. What was the actual operating income for the period? 2. What was the company's master {static} budget operating income for the period? 3. (a) What was the total master {static} budget variance, in terms of operating income, for the period? [b] Is this variance favorable {F} or unfavorable (U)? (Note: The total master {static} budget variance is also referred to as the total operating income variance for the period.) (If a variance has no amount, select \"None" in the corresponding dropdown cell.) 4. The total master [static] budget variance for a period can be decomposed into a total exiblebudget variance and a sales volume variance. [a] What was the total flexiblebudget variance for the period? [bi Was this variance favorable {F} or unfavorable [U]? {c} What was the sales volume variance for the period? [d] Was this variance favorable [F3 or unfavorable [U]? {Do not round your intermediate calculations. If a variance has no amount, select "None\" in the corresponding dropdown cell.) Actual operating income Master budget operating income Total m aster budget vari a nee Total exible-budget variance Sales volume variance