ACTIVITY 4 MA610 Managerial Accounting Lesson 4: Budgets and Variance Analysis Activity 4: Budgeting (100 Points) Part A (50 points) Complete Problem 8-44 (p. 341) on the Lucerne Chocolate Company. (A Ilk-page response is required.) Cost Incurred: Actual Inputs x Actual Prices Actual Input Quantities x Standard Prices Flexible Budget: Standard Input Quantities Allowed for Outputs Achieved x Standard Prices