Alicia Keys runs a recording studio. Each quarter, her accountant prepares a planning budget for the following quarter. Below are the planning budget and actual results for the second quarter of 2017. Alicia would like you to reconcile the actual results and the planning budget by calculating the flexible budget, activity variances, and spending/revenue variances. Assume that direct labor and supplies are strictly variable costs and rent is a strictly fixed cost. Actual Planning Budget No. of Songs recorded 110 145 Revenues 123.750 163,125 Expenses - DU 34.300 36,250 Supplies 8.800 12,325 Rent 41.500 40.500 Op. Income 39 150 72.050 Use this information for the next four questions, Question 31 4 pts What is the amount for rent in Flexible Budget