For the convenience of its reporters and staff based in London, World Report operates a motor pool. The motor The annual budget was constructed based on the following assumptions: Question list K pool operated with 20 vehicles until February of this year, when it acquired an additional automobile. i (Click the icon to view the assumptions.) i (Click the icon to view the additional information.) The supervisor is unhappy with the monthly report comparing budget and actual costs for March; she The schedule below presents the annual budget approved by the news division. The actual costs for March are claims it presents her performance unfairly. Her previous employer used flexible budgeting to compare O Question 1 compared with one-twelfth of the annual budget actual costs with budgeted amounts. (Click the icon to view the budgeted and actual data.) Read the requirements. O Question 2 Requirement 1. Employing flexible-budgeting techniques, prepare a report that shows budgeted amounts, actual costs, and monthly variation for March. O Question 3 Begin with the flexible budget and then compute the flexible budget variances. Label each variance as favorable or unfavorable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) O Question 4 March Flexible X Data table Actual Budget O Question 5 Petrol (gasoline) E 7,650 E Budget Report for March 20X1 Oil, minor repairs, parts, Annual One-Month March Over lore info and supplies 9,750 Budget Budget Actual (Under) Outside repairs 125 Petrol (gasoline) E 76,800 f 6,400 7,650 1,250 Insurance 378 20 automobiles in the pool Oil, minor repairs, Salaries and benefits 1,460 96,000 kilometers per year per automobile parts, 15 kilometers per liter of petrol for each automobile Depreciation 1,365 and supplies 115,200 9,600 9,750 150 E0.60 per liter of petrol 20,728 Total costs Outside repairs 3,360 280 125 (155) E0.06 per kilometer for oil, minor repairs, parts, and supplie Insurance 4,320 360 378 18 E168 per automobile in outside repairs Salaries and benefits 17,520 1,460 1,460 - X More info 15,600 1,300 1,365 65 Depreciation 232,800 20,728 1,328 Total costs E 19,400 E E Print Done The motor pool furnishes petrol (gasoline), oil, and other supplies for the cars and Total kilometers 1,920,000 160,000 190,000 hires one mechanic who does routine maintenance and minor repairs. Major repairs Cost per kilometer E 0.1213 E 0.1213 E 0. 1091 are done at a nearby commercial garage. A supervisor manages the operations. Each year the supervisor prepares an operating budget, informing World Report Number of management of the funds needed to operate the pool. Depreciation on the automobiles 20 20 21 automobiles is recorded in the budget in order to determine the cost per kilometer