Problem Required: 1. Calculate and fill in the missing numbers below. 2. Suggest one possible explanation...

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