1. Prepare a budgeted vs. actual income statement for each of the business segments. 2. Compute the flexible budget variances for the three segments of Fine Metals' market. Remember that if cost variances show positive in this analysis, they are actually unfavorable, while revenue variances are unfavorable if they are negative. In other words, if actual sales are less than planned, it will show up as a negative which makes sense as less sales is not good (unfavorable). If actual costs are lower than plan, this will also show up as a negative, but is actually a favorable outcome. 3. Which set of numbers do you feel is a better indicator of segment performance? Why