LMN Enterprises provides the following data for its flexible budget at different levels of activity for the month of August 2024:

Activity Level (Units)	8,000	10,000	12,000
Sales Revenue ($)	160,000	200,000	240,000
Variable Costs ($)	80,000	100,000	120,000
Fixed Costs ($)	50,000	50,000	50,000

The actual data for August 2024 is:

Units produced and sold: 11,000

Sales revenue: $220,000

Variable costs: $110,000

Fixed costs: $52,000

Required: a. Prepare a flexible budget for the actual activity level of 11,000 units. b. Calculate the sales variance, variable cost variance, and fixed cost variance. c. Analyze the variances and provide possible explanations for the differences. d. Suggest management actions to address unfavorable variances.