In this problem, you must create the flexible budget and flexible budget variances for two cost items. Before you compute the variance, you must identify the parameters of the cost functions (i.e., the fixed cost and the variable cost per unit). Be careful to use the correct activity measure. Read the directions about the sign that you should enter. ______________________________________________________ Four Flags is a retail department store. On January 1, 2019, Four Flags' accountants used the following data to develop the master budget for Four Flags for 2019: Cost Fixed Variable (per unit sold) Cost of Goods Sold $0 $6.80 Selling and Promotion Expense $210,000 $0.80 Building Occupancy Expense $185,000 $0.10 Buying Expense $155,000 $0.50 Delivery Expense $110,000 $0.05 Credit and Collection Expense $72,000 $0.01 Expected unit sales in 2019 were 1,200,000, and 2019 total revenue was expected to be $12,000,000. Actual 2019 unit sales turned out to be 1,000,000, and total revenue was $10,000,000. Actual total costs in 2019 were: Cost of Goods Sold $6,000,000 Selling and Promotion Expense $900,000 Building Occupancy Expense $330,000 Buying Expense $650,000 Delivery Expense $170,000 Credit and Collection Expense $20,000 Required Compute the flexible budget variances in 2019 for the following two cost items (NOTE: enter favorable variances as positive numbers and unfavorable variances as negative numbers): Credit and Collection Expense Buying Expense