Question 2 At Western Manufacturing, budgets are the responsibility of everyone. Each department collaborates in determining its expected needs, and sales personnel determine the likely sales volume. Budgets are then ultimately compiled and approved by management. Western has hired you to get a more accurate picture of how the company performed compared to its budget. At the end of 2018, Western's management created a budget for 2019 (2019 Master/Static Budget) based on the following assumptions: They determined that they wanted to increase the number of units sold by 25%, increase revenue by 10%, and reduce utilities cost by 20%. Their landlord also informed them that rent had increased from the 2018 figure of $10,000 per year to $1,250 per month in 2019. Actual 2019 results showed revenue to be $20,000 higher than the 2018 actual results Required Using the information given, fill out all of the blank boxes below so that Western's management can get a complete picture of their results. (Complete this table in the quiz tool) 2018 Actual Results 20,000 2019 Master/ Static Budget 2019 Actual Results 23,000 2019 Flexible Budget Variance analysis N/A Units Revenue Utilities Rent $99,000 $60,000 $17,940 U $0 Operatin g profit $32,900 $31.920 3 13