Jacobs Company has the following variable costs per unit: (a) direct material - $3.00 (b) direct labour - $400, (c) Indirect materials - $1.50, (d) indirect labour - $2.00; (e) other variable factory overhead - $200 Faed overhead costs are expected to be: (a) utilities - $21,500; (b) supervisors salaries - $45,000 c) depreciation -$65,000; (d) other fored overhead - $14,000. A Prepare a flexible budget for the following levels of production: 20,000 units and 24,000 units Wat is the flexible budget formula? B) Jacobs Company manufactures ceramic tiles. For January 2020, it budgeted to purchase and use 10,000 pounds of clay at $0.70 a pound. Actual purchases and usage for January 2020 were 11,000 pounds at 50.65 a pound. Jacobs Company budgeted for 40,000 ceramic tiles. Actual output was 43000 ceramic tiles, 1. Compute the flexible-budget variance for Direct material. 2. Compute the direct material price and efficiency variances. Comment on the results for requirements 1 and 2 and provide a possible explanation for them. Paragraph BI SE