The following information was provided to you by the accounting department of Hand$-$Made $($Pty$)$ Ltd$.$ You may assume for this part of the question that the political party did not order t$-$shirts from the company for their campaign.

Budget Actual Variance

Units sold $9500092000-3000$

R R R

Sales $1140000010000000-1400000$

Material: T$-$shirt $190000019000000$

Material: Printing $142500014200005000$

Labour: T$-$shirt $23750002400000-25000$

Labour: Printing $95000090000050000$

Variable Overheads $57000055000020000$

Fixed Overheads $290000300000-10000$

Required:

Prepare the flexed budget and calculate all applicable variances

$7$