Need help with requirement 2

te the cost variance and the efficlency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overt nearest dollar. ances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each varlance is favor = actual cost ;AQ= actual quantity: FOH= fixed overhead; SC= standard cost; SQ= standard quantity.) Data table erlais and for direct labor, For manufacturing overhead, compute the ves for direct materials and direct labor, and identify whether each vari C= standard cost; SQ= standard quantity.) Requirement 1. Prepare a fexible budget based on the actual number of recinars sold. (Round budget amounts per unit to the nearest cent.) te the cost variance and the efficlency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overt nearest dollar. ances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each varlance is favor = actual cost ;AQ= actual quantity: FOH= fixed overhead; SC= standard cost; SQ= standard quantity.) Data table erlais and for direct labor, For manufacturing overhead, compute the ves for direct materials and direct labor, and identify whether each vari C= standard cost; SQ= standard quantity.) Requirement 1. Prepare a fexible budget based on the actual number of recinars sold. (Round budget amounts per unit to the nearest cent.)