Eli cruise Limited manufactures Kitchen equipment for residential and commercial customers. the follorving data pertains to the Company's 2020 operating budget operating income $719,000 \$ \$573,000 Required: Prepgre a variance analysis report with both flexible-buctgeted and sales-volume variances. \begin{tabular}{|c|c|c|c|c|c|} \hline & \begin{tabular}{l} Actual \\ Results \end{tabular} & \begin{tabular}{l} Flexible-Budget \\ . Variances \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & \begin{tabular}{l} Sales-Volum \\ e Variances \end{tabular} & \begin{tabular}{c} Static \\ Budget \end{tabular} \\ \hline \multirow{2}{*}{\multicolumn{6}{|c|}{ Unit }} \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & 1 & & & & \\ \hline \multicolumn{6}{|l|}{ Level 2 Analysis } \\ \hline & & Flexible-budget & & Sales-volume & \\ \hline & & variance & & variance & \\ \hline \multirow{2}{*}{\multicolumn{6}{|c|}{ Level 1 Analysis }} \\ \hline & & & Static-budget & & \\ \hline & & & variance & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular}