Jack Investments Ltd provides its clients with financial and tax advice. The company's main expense is for technical experts. These experts are paid solely on a commission basis, 30% of revenue. Last year's budget called for 2,100 clients to provide the firm with revenue of $450,000. Jack budgeted a profit of $70 to be earned from the average client. This profit figure included a $50 per client charge for fixed costs. Budget expectations were exceeded with 2.200 clients being provided with advice earning the firm revenue of $500,000 and profit of $100.000. The favourable fixed overhead output level (production volume) variance in the period was exactly offset by an unfavorable fixed overhead spending variance. generate a Level 2 analysis for Jack that includes: (a) a flexible budget (b) actual values (c) flexible budget variances (d) a master budget (e) the sales volume variance