BUS132 Project 6 You are the budget expert for R & S Manufacturing Company. The Master Budget and Actual Results for 2013 are listed below. Your general manger, however, wants a comparison based more closely on activity levels. You then develop a comparison with variances at the actual level of sales. Units Sales Utilities Maintenance Supplies Variable Payroll Total Variable costs Management Salaries Rent Depreciation Total Fixed Costs Operating Income Master Budget 350,000 3,500,000 70,000 42,000 420,000 2,040,000 720,000 40,000 85,000 Actual 335,000 3,350,000 76,000 39,000 390,000 1,980,000 720,000 40,000 85,000 Variance Which, if any, of the flexible budget variances should be investigated if using a 3% variance benchmark?