in this problem, you must create the flexible Duager and texible Duaget variances for TWO COST items. 1. 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). 2. Be careful to use the correct activity measure. 3. Read the directions about the sign that you should enter. 4. No partial credit Four Flags is a retail department store. On January 1, 2020, Four Flags' accountants used the following data to develop the master budget for Four Flags for 2020: Cost Fixed Variable (per sales dollar) $0.680 Cost of Goods Sold SO $200,000 $0.080 Selling and Promotion Expense Building Occupancy Expense Buying Expense $185,000 $0.020 $160,000 $0.030 Delivery Expense $115,000 $0.010 Credit and Collection Expense $64,000 $0.003 Expected unit sales in 2020 were 1,200,000, and 2020 total revenue was expected to be $12,000,000. Actual 2020 unit sales turned out to be 1,000,000, and total revenue was $10,000,000. Actual total costs in 2020 were: Cost of Goods Sold $6,000,000 $1,100,000 $340,000 Selling and Promotion Expense Building Occupancy Expense Buying Expense Delivery Expense Credit and Collection Expense $570,000 $170,000 $45,000 Required Compute the flexible budget variances in 2020 for the following two cost Items (NOTE: enter favorable variances as positive numbers and unfavorable variances as negative numbers): Buying Expense Building Occupancy Expense