Using the data below, answer the following questions: a. What values go in the Flexible Budget column of the following table? Please provide values for all cells indicated with letters (U, V, W, X, Y, Z) - 6 marks Units sold Sales Variable costs Contribution margin Fixed costs Operating Income Budget 4,000 Actual 80,000 14,000 $66,000 4,800 $200,000 $249,600 120,000 139,200 110,400 14,800 $95,600 Flexible Budget U > >|X |N V W b. Using the flexible budget, what is the dollar value of variable cost variance and is it favourable or unfavourable? (2 marks) c. Using the flexible budget, what is the dollar value of Fixed cost variance and is it favourable or unfavourable? (2 marks) d. Provide in one brief sentence, a possible and reasonable explanation for the variable cost variance. (1 mark) e. Provide in one brief sentence, a possible and reasonable explanation for the fixed cost variance. (1 mark)

Jsing the data below, answer the following questions: a. What values Flexible Burget column of the following table? Please provide values lls indicated with letters (U, V, W, X, Y, Z) - 6 marks b. Using the flexible budget, what is the dollar value of variable cost variance and is it favourable or unfavourable? (2 marks) c. Using the flexible budget, what is the dollar value of Fixed cost variance and is it favourable or unfavourable? (2 marks) d. Provide in one brief sentence, a possible and reasonable explanation for the variable cost variance. ( 1 mark) e. Provide in one brief sentence, a possible and reasonable explanation for the fixed cost variance. (1 mark)