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The Liberty Company praduces engine parts for car manufacturers. A new accountant intern at Liberty has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data, Click the icon to view the data.) Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total statio-budget variance is S0.) Begin with the flexible budget columns, then the sales volume variance column. Labeleach variance as favorable (F) or unfavorable (U) (For variances with a $0 balance, make sure to enter "0 in the appropriate field. If the variance is zero, do not select a label. Round your answers to the nearest whole dollar.) Actual Results Flexible-Budget Flexible Static Variance Budget Variance Budget 110,000 94.000 338.400 169,200 169,200 85,000 84.200 110,000 Units sold Revenues (sales) Variable costs Contribution margin Fixed costs 687,500 450,000 237,500 153,300 84.200 Calculate the total statio-budget variance to verify your work is accurate. Determine the labels and then enter the amounts to calculate the static-budget variance. (For variances with a $0 balance, make sure to enter "O" in the appropriate field. If the variance is zero, do not select a label. Abbreviation used: CM-contribution margin. Total static-budget variance Requirement 2. What are the actual and budgeted seling prices? What are the actual and budgeted variable costs per unit? (Round your answers to the nearest cent The actual sellig price is s p per unit The actual variable cost is $ per unit. The budgeted selling price is s per unit. The budgeted variable cost is $

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