Webb Company manufactures and sells jackets. Budgeted data for 20,000 jackets are given below. Webb Company Planning budget For the year 2020 Budgeted units sold 20,000 Revenue (S122 per unit) $24.40,000 Expenses: Direct material (560) 12,00,000 Direct manufacturing labor cost ($169) 320,000 Wages and salaries (50,000 + $204) 450,000 Electricity ($15,000+ $109) 215,000 Insurance ($12,000) 12,000 Utilities ($5000 + $59) 105,000 Shipping (S2) 40,000 Budgeted net operating income 98.000 Option 1 Clear selection Actual data for the year ended 2020 is as follows: Actual units sold 18,000 Revenue 21,60,000 Expenses: Direct material 10,44,000 Direct manufacturing labor cost 360,000 Wages and salaries (50,000+ $209) 428,000 Electricity ($15,000 + $109) 231,000 Insurance ($12,000) 12,000 Utilities (S5000 + $59) 77,000 Shipping (52) 18.000 Budgeted net operating income (loss) (10.000) Required: a) Prepare a flexible budget performance report for the year 2020. Option 1 Clear selection 10 poin Prepare a flexible budget performance report for the year 2020. Upload your handwritten *