• make a flexible budget.
• Compute the sales volume variance and the variable cost volume variances based on a comparison between the master budget and the flexible budget.
• Compute flexible budget variances by comparing the flexible budget with the actual results.

Use Excelshowing all work and formulasto complete the following: Prepare a flexible budget. Compute the sales volume variance and the variable cost volume variances based on a comparison between the master budget and the flexible budget. Compute flexible budget variances by comparing the flexible budget with the actual results. For this assignment, refer to the scenario located in \"Problems - Series A,\" section 8-19A of Ch. 8, \"Performance Evaluation,\" of Fundamentals of Managerial Accounting Concepts