Skates Unlimited is a manufacturer of roller skates. The companys Senior Accountant originally prepared an Overhead Budget for the year ended December 31, 2017 based on a budgeted level of 100,000 skates. However, Skates had a great year, with actual sales amounting 125,000 units. Much to the disappointment of Management Team, however, the static overhead budget report prepared by the Assistant Accountant showed major overruns, with total overheads exceeding budget by $25,000. The following information was provided: Indirect materials, indirect labor, and utilities are classified as variable costs. All other costs are considered fixed. The Senior Accountant has however, advised the Management Team that the Static Variance Report does not accurately reflect variances Required: Prepare a Flexible Budget Overhead Variance Report for Skates Unlimited for the year ended December 31, 2017. (10 Marks)