Slight explanation?

Activity Based Frexible Budgeting Wade Paving Company has a sealcoating activity and wants to develop a flexible budget formula for the activity. The following resources are used by the octivity: - Five truck-mounted sealing units, with a lease cost of $15,000 per year per unit - Ten sealcoating employces each paid a salary of $40,000 per year (A total of 20,000 scalcoating hours are supplied by the 10 workers.) * Sealcoating matenals: $1,000 per job - Sealcoating hours: Four hours used per job Dunng the year, the activity operated at 90 percent of capacty and incurred the following actual activity and resource costs: - Lease cost 575,000 - Salaries: 5420,000 - Sealcoating materials: $4,400,000 1. Frepare a flentie hudget format for the seakoating activity using sealcouting houls as the diner. sesicosting thes 2. Prepare o peftumance repont for the sealcouting activi,y, In the last columa of Wade Paving Company Activity tased Performance Heport, if variance amount is untavorable select "u", select " 1 ", if it is favorable and seiect "NA" if there is no variance. Sedcooting cont