Problem 6 (16 marks) Required: 1. (6 marks) Calculate and fill in the missing numbers below. 2. (10 marks) Suggest one possible explanation for each of the variances. Sales - units Sales revenue (A) (B) (C) (D) Flexible (E) Master budget Volume Flexible Actual budget variances budget results variances (C-A) (E-C) 200,000 205,000 30,000,000 30,340,000 Variable expense (18,000,000) (17,630,000) Contrib. margin 12,000,000 Fixed expense (5,000,000) (5,050,000) Inc. from operations 7,000,000 12,710,000 (5,050,000) 7,660,000 Interest expense (120,000) (118,000) (115,000) Inc. before taxes 6,880,000 Income taxes (2,752,000) 7,545,000 (3,168,900) Net income 4,128,000 4,279,200 4,376,100