Suppose that the manager of Summer Select Patio Furniture is evaluated based on budgeted expectations. She is responsible for both sales and production costs. This period the entity produced and sold more units than budgeted, and she expects to get a bonus. Refer to the table below for Summer Select Patio Furnitures static budget. The entitys actual results for the period are shown below.

Static Budget

Sales volume 54 000 table sets 50 000

Sales revenue $25 500000 25 000 000

Variable production costs 10 980000 10 200 000

Fixed production costs 5 000000 5 020 000

Fixed support department costs $9 415300 9 638 400

Forecasting operating income 141 600

Required

Prepare a flexible budget based on actual sales volumes, and then calculate the flexible budget revenue and cost variances.

Review the variances from part (a). For each variance, briefly describe the types of operating or budgeting problems that might have caused these variances.

C. Compose at least three questions the accountant could ask the manager to better understand how the largest variances arose.

this is complete question.