Med out of 300 Case 2.3 M-) The Fox Company is a flexible budget to control its cost. The components of the can's October budget report are shown in the table below. Fox Company Flexible budget October 2020 Favorable Budget Production units Actual Variance Untworable Per Unit 1,000 2,000 2,000 Sales $8 18,000 Variable costs 1.50 2.600 2.10 4.300 Sales commissions Advertising Travel expenses Total variable costs 1.20 2.200 9,100 Fixed expenses Rent 1,200 1.200 1.100 800 800 500 900 600 500 Sales salaries Depreciation Total fixed expenses Lenovo Fixed expenses Rent 1,200 1.200 Sales salaries 1,100 800 800 900 Depreciation Total fixed expenses 500 500 600 Required: 1. (1 Mark) Complete the table above for the budgeted amounts 2. (.5 Mark) Compare budget at the 2,000 unit production level to actual and determine variances 3.(1.5 Marks) Evaluate variances and write if the variance is favorable or unfavorable 1 " 15 8 U SX Case 2. (3 Marks) The Fox Company uses a flexible budget to control its costs. The components of the Compan Lenovo