Annie's Homemade is preparing a planning budget for August. Its budgeted revenue per serving is $5.00. It has identified two cost drivers-number of servings and number of labor-hours. The company expects to sell 10,800 servings and to staff 700 employee labor-hours in August. Data concerning the company's cost formulas are shown below: In Part 1 of the Final Project excel spreadsheet, complete the following: 1. Prepare a planning budget for August. 2. In August, the company actually sold 11,200 servings of ice cream and staffed 780 employee labor-hours. It's budgeted revenue per serving is $5.00. Prepare a flexible budget for August using this new information. 3. Calculate the activity variances in August. 4. Provide a brief description of how the event's budget aligned to the planning budget