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Question 3 Sidney Company Ltd manufactures a single product. Details of the budgeted and actual results are as follows for the month of March 2023:

image text in transcribed Question 3 Sidney Company Ltd manufactures a single product. Details of the budgeted and actual results are as follows for the month of March 2023: i. Direct materials, direct labour and maintenance are variable ii. Rent and rates and depreciation are fixed costs iii. Other costs consist of fixed costs of $1,600 plus variable cost of $1 per unit made and sold You are required to prepare a flexible budget showing the variance for each line item. (25 marks)

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