Part II Question Flexible Factory produces watches in Vancouver. The original (static) budget and actual results for 2020 were as follows: Actual 400 Static budget 460 No. of units Revenue Direct materials Direct labour Rental Fixed administration costs $2,725 1.350 450 121 900 $3,255 1,650 466 80 815 Net income (96) 244 Required: Subdivide each variance into a sales-activity variance portion and a flexible-budget variance portion. Use the following format: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Static Budget