Please prepare a flexible budget with two level of activities. 1* level of activity: 110 000 units 2 level of activity: 125 000 units a. Sales price sold per unit is 100$ b. Cost of good sold is based on three major costs: Direct materials per unit: 35$ c. Direct labor per unit: 18$ Manufacturing overhead: 12.50$ Fixed manufacturing expenses are 90 000$. Sales and administrative expenses are 250 000$. Tax levels are at 25%. 1- Prepare a flexible budget, including the profit at these two levels. 2- Prepare a variance analysis highlighting three variances since the actual purchasing price per unit was 36,50$, the actual sales price was 102$, the actual amount of unit sold was 118 000 units, the actual variable manufacturing overhead was 13,50$ and the sales and administrative expenses were 235 000$.