Your coworker has gone for an emergency leave leaving behind incomplete budgeting report which are due for submission tomorrow as below: Analysis Units Sold Actual Flexible Results Variances 112,500 AED42,080 AED 1,000 U (C) AED200 U AED8,280 AED860 F Flexible Sales-Volume Static Budget Variances Budget 112,500 103,125 (A) AED1,400 F (B) AED15,860 AED2,340F AED18,200 AED9,140 AED9,140 Revenues Variable Costs Fixed Costs Operating Income AED17,740 (D) AED16,080 (E) AED15,140 Required: 1. Complete the budgeting report by determining the missing data, i flexible-budget revenues (A) (1 mark) static-budget revenues (B) (1 mark) ill. actual variable costs (C) (1 mark) iv. total flexible-budget variance (D) (1 mark) total sales-volume variance (E) (1 mark) 1. Discuss two main uses of variances analysis in an organization with an example each. (3 marks) V