S Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is 1.50 Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is S 67.000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (.) Managemen cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 56,500 units and the budgeted sa 66,500 units Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Then compute the fles variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) The Everlasting Balloon Company Flexible Budget Performance Report For the Month Ended May 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget Variance Budget Variance 56500 56500 F 5500 Sales volume 51000 Sales revenue 166900 F 147900 F 85500 Less Variable expenses U U 76500 U Contribution margin 81400 71400 F Less: Fixed expenses 67000 67000 13000 Operating Income F 0 F 5500F F F F clic 68400 U 4400 F um Them.com www Requirements Data Table Www 4. AW them M ch Check Ans We S Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is 1.50 Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is S 67.000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (.) Managemen cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 56,500 units and the budgeted sa 66,500 units Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Then compute the fles variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) The Everlasting Balloon Company Flexible Budget Performance Report For the Month Ended May 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget Variance Budget Variance 56500 56500 F 5500 Sales volume 51000 Sales revenue 166900 F 147900 F 85500 Less Variable expenses U U 76500 U Contribution margin 81400 71400 F Less: Fixed expenses 67000 67000 13000 Operating Income F 0 F 5500F F F F clic 68400 U 4400 F um Them.com www Requirements Data Table Www 4. AW them M ch Check Ans We