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0 Questions 1 and 2 are based on the following information. Below please find the static budget and actual results for the year ended

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0 Questions 1 and 2 are based on the following information. Below please find the static budget and actual results for the year ended 12/31/19 for XYZ Corp, You are working as an accounting intern for the company and you have been asked to prepare a flexible budget for the year ended 12/31/19. Units sold Actual Results Flexible Budget Static Budget 12,000 11,000 Direct materials 35,000 33,000 Direct labor 23,500 22,000 Variable MOH 10,500 11.000 Fixed MOH 94,000 110,000

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