Data for Question 2: JBHUB! f Actual Production 3,250,500 boxes Sales $16,250,000 Ingredient Costs $4,195,000 Packaging Costs $2,000,000 Salary and Wages Costs $200,000 Overtime {CT} $195,500 Fringe Benefits $231150 Electricity $650,000 Waste and Other Costs $365,000 Rent Costs $500,000 Insurance Costs $65,000 Depreciation Costs $240,000 m2: The month of January 2019 is complete, and Ham merTime wants to compare their budget to their actual results. Actual results are shown in the table above. a] Compare January's actual results to the static budget you created in Question 1. b] Analyze the static budget variances. Be sure to break out price and volume variances and whether they are favorable or unfavorable for each line item. Provide possible explanations. c} Create the exible budget based on actual units produced for January. d] Compare actual results to budgeted results for the exible budget. e} Analyze the exible budget variances. Be sure to include the variance amount and whether the variance is favorable or unfavorable for each line item. Provide possible explanations. f] HammerTime wants to determine whether they should use a exible budget or a static budget going forward. Write a memo to their CFO explaining some pros and cons of each option. Provide a recommendation including the reasonis) you recommend that approach