Seuss Investments Ltd provides its clients with financial and tax advice. The company's main expense is for technical experts. These experts are paid solely on a commission basis, 50% of revenue. Last year's budget called for 2,000 clients to provide the firm with revenue of $400,000. Seuss budgeted a profit of $50 to be earned from the average client. This profit figure included a $30 per client charge for fixed costs. Budget expectations were exceeded with 2.100 clients being provided with advice earning the firm revenue of $450,000 and profe of $95,000. The favourable fixed overhead output level (production volume) variance in the period was exactly offset by an unfavourae fed overhead spending variance. REQUIRED: Prepare a Level 2 analysis for Seuss that includes: (a) a flexible budget (6 points) (b) actual values (3 points) Id flexible budget variances (5 points) (d) a master budget (3 points) le) the sales volume variance (3 points)