The Fourcher Shop (TFS) specializes in making fraternity and sorority toto bags for the college market. TFS produces bags in batch sizes of 94. For rush orders, TFS wit product smaller batches for an additional charge of $199 per setup, Budgeted and actual costs for the production process for 2020 are as follows: Requirement 1. What is the static budget number of setups for 2020? Determine the formula, then compute the static budget number of setups Static budget number of setups Requirement 2. What is the flexible-budget number of setups for 2020? Determine the formula, then compute the flexible-budget number of setups. Flexible budget number of netups Requirement 3. What is the actual number of setups in 2020 Determine the formula, then compute the actual number of setups Actual number of setups Requirements. Assuming fixed setup overhead costs are allocated using setup-hours, what is the predetermined fixed setup overhead allocation rato? Fint determine the formula and compute the static budget number of hours Static budget number of hours Now determine the formula and compute the predetermined foxed setup overhead allocation rate. tauc budg - Data Table Static-Budget Amounts Actual Results 110,920 103,400 94 94 6 8 Number of bags produced Average number of bags per setup Hours to set up machines Direct variable cost per setup-hour Total fixed setup overhead costs 31 $ 32 38,940 $ 41,040