To answer exercise 8-4A we need the infromation provided in 8-1A. Please answer 8-4A

-3 Exercise 8-4A Determining sales and variable cost volume variances Required Use the information provided in Exercise 8-1A. a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). c. Comment on the usefulness of the variances with respect to performance evaluation and identify the member of the management team most likely to be responsible for these variances. Determine the amount of fixed cost that will appear in the flexible budget. d. e. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. Assuming Cherokee uses information in the master budget to price the company's product, comment on how the fixed cost volume variance could affect the company's profitability Round computations to two decimal points. connect All applicable Exercises in Series A are available in Connect. Exercise 8-1A Preparing master and flexible budgets Cherokee Manufacturing Company established the following standard price and cost data. Sales price $12.00 per unit $7.20 per unit Variable manufacturing cost Fixed manufacturing cost $3,600 total Fixed selling and administrative cost $1,200 total Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. LO 8