2 Flexible budget preparation LO2 Garcia and Buffet, a local CPA firm, has budgeted $100000 in fixed expenses per month for the tax department. It has also budgeted variable costs of $5 per tax return prepared for supplies, $35 per return for labour, and $10 per return for computer time. The firm expects revenue from tax return preparation to be $300000, based on 2000 tax returns at $150 each. During the current month, 1850 tax returns were actually prepared, at an average fee of $147 each. Actual variable costs were $9100 for supplies, $65000 for labour, and $18000 for computer time. Actual fixed costs were $100000. Required Prepare a flexible budget for the tax department of Garcia and Buffet for the current month. 3 Flexible budget variance LO3 Refer to the information in question 2 above. Required Compute the flexible budget variance for Garcia and Buffet