#3(20 marks) XYZ Corporation produces printed books in a highly competitive market. The following budgeted and actual costs are as follows: Static Budget Actual Amounts Results Number of books produced 200,000 216,000 Average number of books per set up 500 480 Hours to set up printers 6.00 6.50 Variable overhead cost per hour $ 100 $ 90 Total fixed setup costs $ 72,000 $ 79,000 Required: What is the static-budget number of setups? What is the flexible-budget number of setups? What is the actual number of setups? What is the static budget number of hours? What is the fixed overhead rate? What is the variable setup overhead variances? What is the fixed setup overhead variances