A cake shop has budgeted the following based on making 1,000 cakes: - Direct materials: $5,000 - Direct labor: $3,000 - Fixed overhead: $7,000 The cake shop ends up making only 900 cakes. Fill in the chart below with the flexible budget and variances. Format your variances as follows: - If you have an unfavorable variance, put a U right after the amount. For example: 10U (no dollar signs!) - If you have a favorable variance, put a F right after the amount. For example: 10F (no dollar signs!) - Your amount should be in absolute value. No -, (), etc. - If the variance is 0 , then just write: 0 . - You must fill in ALL the text boxes