Budget 6,000-Actual 7,000 Direct M. 90,000. 99,000 Direct L. 48,000. 55,200 Variable m. 6,000. 9,000 Fixed m. 66,000. 64,200 Required: A) compute the amounts that should be included for each of the following in a flexible budget prepared for a 7000-unit level of production: 1) Direct materials 2) Direct labor 3) Varaible manufacturing overhead 4) Fixed manufacturing overhead B) Assume that a revised performance report is prepared for the 700-units level of production using a flexible bidget approach. Compute the cost variance for each of the following and indicate whether each variance is favorable or unfavorable: 1) Direct materials 2)Direct labor