Here are data for the stove division of Appliances Now, which produces and sells a complete line of kitchen stoves: (In thousands) Budget Actual Revenue $ 16,480 $ 17,470 Variable production costs 5,800 6,348 Fixed manufacturing costs 1,800 1,845 Variable selling expenses 450 544 Fixed selling expenses 1,250 1,243 Administrative expenses 4,770 5,520 Operating income $ 2,410 $ 1,970 The budget, set at the beginning of the year, was based on estimates of sales and costs. Administrative expenses include charges by corporate headquarters for providing strategic guidance. These fixed costs are allocated to divisions using revenues as the allocation base. Partially correct answer. Assume that a different volume of stoves was sold than was budgeted, and prepare a flexible budget using the change in revenue to adjust the variable costs. Calculate budget variances. (Round answers to 0 decimal places, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Flexible Static Flexible Budget Budget Budget Actual Variance