quired: : \& 3. Prepare the static and flexible budgets and show the variances by completing the table given below flindicare the :h variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variancel) The following data were collected by Bemidji Co. for the month of June: Required: , 2 \& 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of ach variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)