Read the scenario in the text book and complete the activity below. "Problems- series A, section 8-19A of Ch. 8 "Performance Evaluation, of Fundamental of Managerial Accounting Concepts

use excel- showing all work and formulas to complete the following:

• Use a flexible budget
• compute the sales volume variance and the variable cost volume variances based on comparison between the master budget and the flexible budget
• compute flexible budget variances by comparing the flexible budget with the actual results