88 0 ASSIGNMENT 2 Budgets 10:29 Which of the f.... Aa Q Search WEEK 1: 2022/08/30 ACCOU... Audio-Waves produces and sells wireless headsets. Audio-Waves' level of activity fluctuates from month to month. The following budget shows expectation of currently attainable activity at 2 500 units per month. Budgeted costs based on normal production levels of 2 500 units. WEEK 2: 2022/08/29 THE AC... WEEK 3: 2022/08/29 BASIC A... WEEK 4: 2022/08/29 Basic a... WEEK 6: 2022/09/27 EXTRA... WEEK 7: 2022/09/27 COST C... WEEK 8: 2022/09/27 EXAMPLE Item Direct Materials Direct labour Manufacturing overheads Telephone Building rental Support staff salaries (Finance & HR Staff) Budgeted cost R 430 000 R 862 500 R 1207 500 R 115 000 R 172 500 R 143 750 R 2 932 500 The actual production level was 2 875 units for the month of August 2023. Actual costs were as follows: Direct Materials Item Actual cost R 316 250 R 661 250 Direct labour Manufacturing overheads Telephone Building rental Support staff salaries (Finance & HR) REQUIRED R 1 150 000 R 143 750 R 172 500 R 143 750 Prepare the performance report against the flexible budget for the month of August 2023, clearly indicating whether the variances are favourable or unfavourable. When completing the template below ensure that numbers are written without without spacing and decimals for example R 250 000 is written as 250000. Use brackets for example (250000) where applicable. Item Actual (R) Flex budget (R) Variance (R) Favourable/Unfavourable Direct Materials 316 250 Answer Answer Answer FavourableUnfavourable Direct labour 661 250 Answer Answer Answer Favourable Unfavour