Makeright Ltd are manufacturers of plastic components. During the year to date an extract of their management accounts shows: Actual Sales 154,000 Budget Sales 100,000 Actual Materials Cost 60,000 Budget Materials Cost 40,000 Additionally, you are told that the components had budget usage of 8kgs of materials per batch, at a budget cost of 10 per kg. And that actual usage of materials was 7kgs per batch. The Actual Materials cost includes 100kgs of materials which were stolen rather than used in production. The stolen materials cost the same per kg as the materials used in production. The Actual Sales price was 10% above the budgeted sales price. What would be the materials rate variance if applying a flexible budget approach? Please attach an image of your workings