Chapter 7: Question 3: Samson Equipment Ltd. is a company that manufactures an abdominal exerciser called The Ab Rippler. The following information is for three of the company's activities in 2018: Rate per Output unit/Batch Static Actual Activity Activity Level Cost Driver Budget Cost Manufacturing Output unit Machine hours $0.90 $1.05 Inspecting Batch Inspection hours $15.00 12.50 Packaging Batch Packaging hours $5.50 $5.25 The output measure is the number of units produced. Static Budget 40,000 16,000 Actual Amount 44,400 14,800 Number of units produced Number of machine hours Batch size in terms of units produced: Inspection Packaging 4 5 20 25 Required: a. Calculate the flexible-budget variance for each activity in 2018. b. Calculate the price and efficiency variances for each activity in 2018