Chin Inc. has provided you with the following information: 5139 Budgetales Budgeted selling price Standard cost of direct materials per 2 memperces-360 Standard quantity of direct labour perilo s por $35 Standard fixed costs soal $10.000 Actual sales Actual selling price 5220 Actual cod of direct pe por sus Actual quantity of direct labeu per unit 1.255 per hour 533 Standard for conscal) $10.000 Required: a) Using the table provided for you, prepare a performance report including a Static budget Actual results Flexible budget Volume variance Flexible budget variance PERFORMANCE REPORT State Actual e Feste (Master) Bipolarimet Balget Varie Sales Vocab.com Direct materials Directa Total variable sota Fred costs Netice b) Compute the direct materials price and quantity variances Direct materials price and quantity variances AQ x AP AQ X SP SQ X SP c) Compute the direct labor rate and efficiency variances Direct labour rate and cliciency variances AQ XAR AQ X SR SO X SR