Jed usually flexes the budget when evaluating performance, but this time he forgot. Jed's company made more units than they expected to make. Which of the following statements is CORRECT? Select one: a. By forgetting to flex the budget, Jed created a fixed budget performance report. b. By forgetting to flex the budget, Jed has broken one of the principles of financial reporting, c. It is logical to expect budgeted sales will go down this period. d. It is logical to expect both overhead variances to be unfavorable, e. It is logical to expect both direct materials variances to be favorable