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NEED ANSWERS WITH COMPLETE FORMULAS Samson Equipment Ltd. is a company that manufactures an abdominal exerciser called The Ab Rippler. The following information is for three of the company's activities in 2018: Rate per Output unit/Batch Static Actual ActivityActivity LevelCost DriverBudgetCost ManufacturingOutput unit Machine hours$0.90$1.05 InspectingBatchInspection hours$15.0012.50 PackagingBatchPackaging hours$5.50$5.25 The output measure is the number of units produced. Static Actual BudgetAmount Number of units produced40,00044,400 Number of machine hours16,00014,800 Batch size in terms of units produced: Inspection 54 Packaging 2025 Required: a.Calculate the flexible-budget variance for each activity in 2018. b.Calculate the price and efficiency variances for each activity in 2018.

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