point) possible Tanner Company's production performance report for April includes the information shown below (Click the icon to view the production performance report) Requirement Prepare a flexible budget for the items shown and compute the flexible budget cost variances and planning cost variances for each item. Indicate whether the variances are favorable or unfavorable for each item Begin with the master budget, then complete the flexible budget columns and the actual results columns. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Round interim calculations to the nearest cent) Units Direct materials Direct labor Fixed manufacturing support Total Master Budget Planning Variance Flexible Flexible Budget Budget Variance Actual 15 of 15 quest 0 of 17 questions the Data table for Volume t, t ma ACTUAL 100,000 MASTER BUDGET - X Indicate whether the variances 109,000 ble (F) or unfavorable (U). (For alculations to the nearest cent.) Manufacturing costs: Direct materials 880,000 $ 981,000 Direct labor 279,000 299,750 Fixed manufacturing support 370,000 380,000 Total 1,529,000 $ 1,660,750 Print Done