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Tom was hired as a budget analyst at a large aviation manufacturing business. His boss has asked that he review last year's master budget, actual results, and planned numbers, and calculate the variances for each category. The data table Tom was given follows below and the assignment is at the end of the data table.

Actual results         variance             statict budget

Units sold                  20,000.00                                                  24,000.00

Revenues                    2,500,000.00                                          2,88,000.00

Total variable cost       1,900,200.00                                     2,112,000.00

Contribution margin    599,800.00                                       768,000.00

Fixed cost                      570,000.00                                      552,000.00

Operating income       29,800.00                                      216,000.00

Create a table that shows the variances for each category and for overall.Then, in a 1-page Word document, summarize why there were variances.Include both the calculation table and summary in the same document.