Prepare a flexible budget and analyze variances for a manufacturing company.

Item	Budgeted Amount ($)	Actual Amount ($)
Sales	$1,500,000	$1,400,000
Variable Costs	$900,000	$850,000
Fixed Costs	$300,000	$310,000
Units Produced	15,000 units	14,000 units

Requirements:

Prepare a flexible budget based on actual production volume.

Calculate and analyze the sales revenue variance and sales volume variance.

Calculate and analyze the variable cost variance and fixed cost variance.