Instructions a. Prepare a schedule comparing the actual results with flexible budget amounts developed for the actual sales volume of $18,000,000. Organize your schedule as a partial multiple-step income statement, ending with operating income. Include separate columns for (1) flexible budget amounts, (2) actual amounts, and (3) any amount over (under) budget. Use the cost-volume relationships given in the problem to compute the flexible budget amounts. b. Write a statement evaluating the company’s performance in relation to the plan reflected in the flexible budget. c. Why is a flexible budget useful in evaluating the performance of the Eight Flags store? d. Do fixed costs and variable costs always change in a flexiblebudget?