20 pts Company F prepared its annual master budget assuming it will sell 15,000 units at $15 per unit. Materials are budgeted to cost $6 per unit while labor costs are budgeted to total $60,000. Assume Company Q actually sells its product at $14 per unit for a total of $224,000. Actual materials were purchased at 55 per unit and actual labor costs were $5 per unit. Calculate and fill in the missing Master Budget, Flexible Budget and Actual Results for Sales, Material Costs and Labor Cout Also calculate and fill in the missing Volume, Flexible/Price and Overall variances for Sales, Material Costs, and Labor Costs Be sure to indicate Loth the amount and direction (Favorable. Unfavorable) for all variances Flexible Budget Master Budget Actual Results Sales Material Costs C 60,000 96,000 E 224,000 D F Labor Costs L Variances Volume Flexible/Price Overall 16,000 U Sales Material Costs 6,000 U 20,000 U Labor Costs