Located in the Free State, Swiftly (Pty) Ltd is a company that manufactures small, high-end wooden canoes for the South African tourism industry made from scarce Cedar Wood. You have been appointed as the cost accountant in the organisation. The board of directors had some questions for you, and you obtained the following information from the organisation's system for the month of August 2021. The canoes are sold at R87 250 each, and only 300 units can be produced in a period. At the end of the period, you received a summary from the accounting department which compares the budgeted cost for the year to the actual cost for the year. The Chief Financial Officer (CFO) asked you to prepare the flexed-budget and variances for the period. Located in the Free State, Swiftly (Pty) Ltd is a company that manufactures small, high-end wooden canoes for the South African tourism industry made from scarce Cedar Wood. You have been appointed as the cost accountant in the organisation. The board of directors had some questions for you, and you obtained the following information from the organisation's system for the month of August 2021. The canoes are sold at R87 250 each, and only 300 units can be produced in a period. At the end of the period, you received a summary from the accounting department which compares the budgeted cost for the year to the actual cost for the year. The Chief Financial Officer (CFO) asked you to prepare the flexed-budget and variances for the period