Part 6 Flexible Budget (25 points) Consider the following cost formulas for use in preparing a flexible budget for ABC Company: Lab costs Maintenance Cost Formula $10,000 +$30 per job $26,000 + 80 per job Actual Cost $20,000 47,000 During March, the company expected to work 400 jobs but actually worked 450 jobs during March. Required: 1. Complete the Partial Schedule shown below, including providing TITLESs for the ACTIVITY Variance, and SPENDING Variance. 2. Indicate the total of each variance and label each "favorable" or "unfavorable. Show calculations, for "o" to "d" to receive full credit. ABC Company Flexible Budget and Variance Calculations ACTUAL RESULTS ? Variance Flexible Budget Variance Planning Budget Lab costs $ 20,000 b a Maintenance $ 47,000 Total Variance Indicate favorable Or Unfavorable Calculations: Lab Costs a. b. Maintenance C. d