Prepare a flexible budget and analyze variances for a retail chain.

Item	Budgeted Amount ($)	Actual Amount ($)
Sales	$2,000,000	$1,800,000
Variable Costs	$1,200,000	$1,150,000
Fixed Costs	$400,000	$420,000
Units Sold	20,000 units	18,000 units

Requirements:

Prepare a flexible budget based on actual sales volume.

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

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

Discuss how variance analysis can help improve budgeting and control in retail operations.