2 points) Continuing with the prior problem assume that the year has ended, and Myles Corporation experienced the following revenues and total costs: Total revenue $550,000 Total variable material costs $54,000 Total variable labor costs $82,000 Total factory overhead costs $24,000 Total fixed selling expense $48,000 Total fixed administrative costs $101,000 Please assemble a performance report comparing the flexible budget cost numbers from problem 4 with the actual cost numbers given above for the year. Ignore taxes because this variable is beyond managements control and does not belong on the performance report. For each cost item calculate the difference and indicate if this is a favorable or unfavorable variance