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Thank you very much quick a] 1What is the company's. [i] static budget and [ii] flexible budget for the variable overhead costs? marks] Shale Pt|,,f

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a] 1What is the company's. [i] static budget and [ii] flexible budget for the variable overhead costs? marks] Shale Pt|,,f Ltd has a standard variable overhead rate of $5 per direct labour hour. The standard quantity of direct labour per unit of production is 3 hours. The company's static budget was based on 50,000 units. Actual results for the year are as follows. Actual units produced 451000 Actual direct labour hours 100,000 Actual variable overhead $365,000 The time has come for the company:r to compare of actual results with planned results. Required

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