The Manchester Corporation manufactures wooden pictures frames and reported the following information related to the production and sale of 20,000 units: Budget Actual Sales $655,000 $687,000 Direct materials 180,000 168,000 Direct labor 160,000 190,000 Overhead 222,000 240,000 1.What is the budget variance for sales? 2. Which of the following would best explain the variance for sales? a. Many members of the sales team were on vacation during the period b. The company had to recall many of its products due to production defects during the period c. All of the above d. None of the above 3. What is the budget variance for overhead? 4. Which of the following would best explain the variance for overhead? a. Additional production equipment was rented during the period b. Rented production equipment that was not needed was returned and rental contracted was terminated during the period c.The utility company for the factory increased its rates during the period d. Two of the above e. None of. The above