Following is Perry Corporations original budget for 2013, and their actual results for 2013. [32 points] Original Budget (100,000 units) Materials Fabric 100,000 yds @ $5.40/yd $540,000 Steel tubing 25,000 lbs @ $12.10/lb 302,500 Padding 50,000 lbs @ $.50/lb 25,000 Direct Labor Machining 30,000 hrs @ $19/hr 570,000 Assembly 10,000 hrs @ $11.80/hr 118,000 Overhead Rent 100,000 Property taxes 10,000 Other Overhead (25% variable) 200,000 Total $1,865,500 Actual Results (120,000 units) Materials Fabric 125,000 yds @ $5.50/yd $687,500 Steel tubing 32,000 lbs @ $12.20/lb 390,400 Padding 65,000lbs @ .49/lb 31,850 Direct Labor Machining 35,000 hrs @ $18/hr 630,000 Assembly 11,000 hrs @ $11.50/hr 126,500 Overhead Rent 96,000 Property taxes 10,000 Other Overhead 210,000 Total $2,182,250 Using the format on the following page, prepare the flexible budget needed to evaluate Perry Corporations performance for 2013, and compute the Flex-Actual Variances. Show your calculations. Put your answers to Question 7 here: Calculations Flexible Budget Actual (120,000 units) Flex Actual Variances Materials Fabric $687,500 Steel tubing 390,400 Padding 31,850 Direct Labor Machining 630,000 Assembly 126,500 Overhead Rent 96,000 Property taxes 10,000 Other Overhead (25% variable) 210,000 Total $2,182,250