TAB 9-Label Tab 9 Variance Analysis (10 Points) Copy your Variance Analysis spreadsheet and solve for the variances using the provided variables: Standard Amount 2lbs per Widget Standard Price $3.00 Per Pound Actual Amount Used 1,000lbs Actual Price $2,800 for 1000 lbs TAB 10 - Label Tab 10 Contribution Margin Income Statement (7.5 points) Create a CM Income statement using the following variables: Selling Admin Fixed Overhead COGS Sales $35,000 Fixed $25,000 Variable $8,000 Fixed $32,000 Variable $75,000 $225,000 $500,000 Also- What is the CM margin Ratio for the above CM1/S? Email your file to me NO LATER THAN MIDNIGHT November 30th 2020. In the subject line of the email your name 2302 W01 Workbook Project. You will find your grade in the grade center within a week of submission. On Dec 3rd I will post the answers for your review but will not be sending back your graded workbooks