Help me fill out the bottom picture and explain the computations done to arrive at the numbers written in pencil. Thanks.

If standard unit costs for single product based on 80% operating capacity of 40,000 units. Direct materials (5# @ $4 per #) $20 Direct labor (2 hrs @ 8.75 per hr) $17.50 Factory overhead: variable (2 hrs @ $3 per hr) $6 Factory overhead: fixed (2 hrs @ $7 per hr) $14 Total standard cost $57.50 Complete the following flexible budget information: Operating Levels 60% 70% 30,000 35,000 100.000 70,000 80% 40,000 80,000 Production in units Standard direct labor hours Budgeted overhead Variable factory overhead units of production X2 X3 Fixed factory overhead 180,000 210,00 S600 s $240,000 $560,000 During the current year, the company operated at 60% capacity and produced 30,000 units of product. Actual costs incurred during the year were: Direct materials (150,350# @ $4.10 per #) Direct labor (59,800 hrs @ $8.70 per hr) Variable factory overhead costs Fixed factory overhead costs Total actual costs $ 616,435 520,260 192,000 552,000 $ 1,880,695 # of units # of hours Variable Overhead Variances Actual Cost AH X AVR Standard Cost SH X SVR AH X SVR Spending Variance $0 Efficiency Variance $0 Total Variable OH Variance $0 # of units # of hours Fixed Overhead Variances Budgeted Overhead Actual Applied Overhead SH X SFR Overhead Spending Variance Volume Variance $0 $0 Total Fixed Overhead Variance $0