U-Sea is a company that specializes in making tents for beach tourism. U-Sea wants all of its customers to feel comfortable when traveling to the beach. The company aims to sell 3,000 units of tents at a selling price of $ 50 in July. They certainly have employees and also direct labor who help the production, with the formula for calculating salaries and wages is $ 2,000 for fixed costs and $ 20 for variable costs. For tent-making materials, parachutes are used for $ 3 and maintenance equipment is $ 5 per unit. In addition to Utilities for $ 1,500 for July, Factory and Office Rent for $ 10,000, Equipment Depreciation for $ 20,000 and insurance for $ 1,500. All variable cost are counted based on unit produce and sold. At the end of July, here are the actual results obtained by U-Sea:

		Actual Result
	quantity produced and sold	3,500
revenue		$ 200,000
expenses
	salaries and wages	$ 73,000
	direct material	$ 10,000
	equipment maintenance	$ 17,000
	Utilities	$ 3,000
	Factory and office rent	$ 12,000
	Equipment Depreciation	$ 20,000
	Insurance	$ 1,500

Required

Calculate the Flexible budget with all the variances and explain about the differences between planning budget and flexible budget!