F) Budgetary Control The following information is now supplied by the C.E.O. showing the production expenses for the previous month. Budgeted Production Actual Production of of 3,000 units 3,500 units Direct Materials Direct Labour Variable Manufacturing Overheads Fixed Manufacturing Overheads 90,000 48,000 6,000 66,000 99,600 55,200 9,000 64,200 210,000 228,000 He has been advised that the flexible budgeting approach should be used to properly evaluate the report on hand. You are now required to: 1) a Variance Prepare Report Prepare Report Static 5 Marks Flexible 5 Marks 2) a Variance