ABC company manufactures rivets in an automated factory. The company uses standard casing sedenlo contid at 6bag as banet. Price standard Quantity standard Direct material $3/ unit 16 meters/rivet Direct labour $11 per hour 3 hours per rivet Variable overheads are estimated at $5.50 per rivet. Fixed overheads are $26,0 per month. The standard had owns an sister. Required: a. Prepare a production budget for the coming year based on a planned production of 1200 mies (5 mats) a Compare the budget prepared in a) with a flexible budgel based on actual production df 1500 mess (Smate)