Please explain to me question 26. Step by step Thank you !

6 Contribution in Jeff Geller, the business manager for ice-cream products, is pleased uld sold than budgeted and that revenues were up. Unfortunately, variable manufacturing vv The bottom line is that contribution margin declined by $52,900, which is just over 2% of the budgeted roy enues of $2,592,600. Overall, Geller feels that the business is running fine. 1. Calculate the static-budget variance in units, revenues, variable manufacturing costs, and contribu tion margin. What percentage is each static-budget variance relative to its static-budget amount? 2. Break down each static-budget variance into a flexible-budget variance and a sales-volume variance 3. Calculate the selling-price variance. 4. Assume the role of management accountant at Cascade. How would you present the results to Joff Geller? Should he be more concerned? If so, why? 7-26 Price and efficiency variances. Sunshine Foods manufactures pumpkin scones. For January 2017 it budgeted to purchase and use 14,750 pounds of pumpkin at $0.92 a pound. Actual purchases and usage for January 2017 were 16,000 pounds at $0.85 a pound. Sunshine budgeted for 59,000 pumpkin scones Actual output was 59,200 pumpkin scones. 1. Compute the flexible-budget variance. 2. Compute the price and efficiency variances. 3. Comment on the results for requirements 1 and 2 and provide a possible explanation for them. Materials and manufacturing labor variances. Consider the following data collected for Great