can someone please help me with this example problem?

Name Instructions. Prepare a standard budget and flexible budgets at the number of units indicated. Then prepare Flexible Budest - Actual Results and complete ances. Indicate Favorable vers Unfavorable Standard Actual Sale Price $75.00 $75.00 Direct Materials Cost 1B 19 Direct Labor Cost 12 11 Overhead Cost 14 14 General Selling, and Administrative 8 Z Expected Fixed Costs: Manufacturing General Selling, and Administrative $120,400 67,000 $119,500 66,800 Western Chair Company Static Budget, Flexible Budget Static Flexible Flexible Budget Budget Budget 40,000 38,000 39,000 Flexible Budget 40,000 Flexible Budget 41,000 Flexible Budget 42,000 Number of Units Sales Revenue Variable Costs: Direct Material Direct Labor Overhead G,S,&A Contribution Margin Fixed Costs: Manufacturing G,S,&A Net Income For UF Western Chair Company Flexible Budget, Actual Results, Flexible Budget Variances Flexible Actual Flex. Bud. Budget Results Variances Number of Units 41,000 Sales Revenue Variable Costs Direct Material Direct Labor Overhead G,S,&A Contribution Margin Fixed Costs Manufacturing 119,500 G,S,&A 66,800 Net Income Variance For UF Instructions Complete the budget variances and indicate if the variance is Favorable For Unfavorable up) Item Budget Actual Selling and Administrative Expenses $29,000 $27,000 Sales Revenue $310,000 $325,000 Materials Price $2.00 per lb $2.10 per lb Cost of Goods Sold $125,000 $100,000 Materials Purchases $250,000 $265,000 Materials Usage 6,000 lbs 5,800 lbs Sales Price $550 each $500 each Labor Rate $8.10 per hour $7.95 per hour Production Volume 950 units 900 units Labor Usage $96,000 $97,000 Research and Development Expense $22,000 $25.000