Question 5 Answer all parts Part A Flick pic manufactures a single product and the expected sales and production are 10,000 units for April 2020. It is expected that 2,000 kg of raw material will be required at a total cost of 20,000. Labour hours are expected to be 4,000 hours to produce 10,000 units. Production workers are paid 12.00 an hour. Expected fixed production overheads for the month are 10,000 and are absorbed on the basis of labour hours. The expected sales price is 10 per unit. The actual results were Number of units sold Sales revenue Materials Labour Fixed production overheads 9,000 94,500 19,000 46,000 11,000 Required a. Prepare a fixed, flexed and actual budget for April 2020, identify the variances and briefly comment on the variances. (16 marks)