a. Marcia's Leather Knits makes and sells leather jackets. Prior to starting 2021, Marcia made flexible budgets for 900, 1,200, 1,500 sales volume levels.

Given the following budget and actual data, please help me prepare company's comprehensive performancereport (assume static budget of 1,200 units and fixed expenses identical to flexible budget at the 1,500 unit level).We can adjust the flex budget to actual production if we prefer to.

2021 Flexible Budget data

Sales volume $1,500

Average sale price per jacket $500

Supervisor salary $80,000

Number of supervisors 2

Worker hourly rate $20

Materials per jacket $100

Labour hours required per jacket 8

Sales commission per jacket $50

Factory space rental $3,000 per month

Retail space rental $2,500 per month

Janitorial services $1,000 per month

2021 Actual data

Sales revenue $694,200

Sales volume 1,390

Materials per jacket $96.15

Supervisor salaries $152,000

Worker wages $226,223

Sales commissions $70,500

Janitorial services $13,000

Factory space rental $36,000

Retail space rental $30,000

b) Please help me make some conclusions about the company's performance. What was done well andwhat could be improved in 2022.