A company manufactures and sells storage cabinets out of Victoria, BC. They have provided the actual and static budget information for the month of December below: Part A: Static Budget Performance Report Complete a static budget performance report for the month. Compute static variances as absolute numbers (i.e., insert as positive numbers) and for each variance indicate if it is favourable (F) or unfavourable (U). (1/2 mark each - 11 marks total) mplete a static budget performance report for the month. Compute static variances as absolute numbers (i.e., insert as sitive numbers) and for each variance indicate if it is favourable (F) or unfavourable (U). (1/2 mark each - 11 marks total) B: Flexible Budget and Performance Report mplete a flexible budget and flexible budget performance report for the month. Compute flexible variances as absolute imbers (i.e., insert as positive numbers) and for each variance indicate if it is favourable (F) or unfavourable (U). (1/2 mark 5 marks total) art B: Flexible Budget and Pertormance Report Complete a flexible budget and flexible budget performance report for the month. Compute flexible variances as absolute umbers (i.e., insert as positive numbers) and for each variance indicate if it is favourable (F) or unfavourable (U). (1/2 mark ea 15 marks total) Variable manufacturing overhead Selling and administrative Total variable expenses Contribution margin Less: Fixed expenses Manufacturing overhead Selling and administrative costs Total fixed expenses Operating income / (loss) 17,150 Number Number F U 18,865 Number Number F F 202,370 181,790 Number Number F 32,500 Number F 21,100 Number F U 53,600 Number F $122,194 Number Number F U