Court Services Inc. provides a variety of legal services to its clients. The firm's attorneys each have the authority to negotiate billing rates with their clients. Court Services wants to manage its operations more effectively, and established a budget at the beginning of last year. The budget included total hours billed, amount billed per hour, and variable expense per hour. Unfortunately, the firm failed to meet its budgeted goals for last year. The results are shown below. Total Hours Billed Amount Billed per Hour Revenue Variable Cost Contribution margin Actual 6,000 300 $1,800,000 300,000 ? Budget 6,500 350 $2,275,000 ? ? The budgeted variable expense per hour is $50, and the actual total variable expense was $300,000. There is disagreement among the attorneys over the reasons that the firm failed to meet its budgeted goals. a. Identify the difference favorable variance result and unfavorable variance result. b. What is the advantage of using flexible budget to evaluate the firm's results as opposed to a static budget? c. Explain the process of preparing the flexible budget. d. Calculate the static budget revenue variance and quantity variance. Determine whether its favorable or unfavorable. e. Calculate the flexible budget revenue variance. Determine whether its favorable or unfavorable. f. Calculate the budgeted variable cost, actual CM, and budgeted CM. g. Calculate and analyze the static budget variable cost variance and CM variance. h. Calculate and analyze the flexible budget variable cost variance and CM variance