You are a new manager over a production division at Validetek, a software company. It is your first week on the job, and you receive the following email from the Finance Department: Managers, It's that time again to do your quarterly budget variance reports. Attached is the template for your specific area. Remember, we require a detailed explanation for variances + or - 10% and > $50,000. Reporting is due at the end of the week. When your supervisor comes to check on you that day you ask your supervisor if you need to do the budget variance report. She says to go ahead and do your best. Time to jump in. The work you do this quarter will form the basis of next quarter's budget variance report. Required: In your groups, prepare your quarterly budget reports in good form.