The management accountant of Bridgetown Ltd is nding it difficult to cope with increasing demands for information and has asked for your help. You have been asked to prepare variance analysis information for the April board meeting. You have been provided with budgeted and actual information as shown below. Budgeted information for Actual results achieved the month of April for the month of April 25,000 27.000 (250,000 Kgs) 352,500 (263,250 Kgs) 394,875 (87,500 hours) 1,089,375 (97,200 hours)1,190,700 Variable production 271,250 306,180 overheads Notes: - Actual fixed production overheads for April amounted to 172,400. - Budgeted fixed production overhead is 175,000 per month. - Variable production overheads are applied to products based on budgeted labour hours. Requirement (a) Prepare a cost statement showing the original budget, flexed budget and actual results. 8 Marks (b) Calculate relevant variances in as much detail as the information permits. 14 Marks