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Partspentormance reporting 2 This part relates to Module 23 . I have flexible budget support material in the Module 23 folder. 3 4 Crafts inc is a manufacturer of furniture. 5 The company has 2 responsibility centers: Production and Selling and Distribution. 6 Production and administration are cost centers while Selling and Distribution is a profit center. 7 Presented below are the budgeted and actual contribution income statementfor October along with applicable unit information. Craft inc Actual Contribution income Statement For Month of October 61 1. Prepare a flexible budget performance report for Production that compares actual and allowed costs. 62 . Prepare a flexible budget performance report for selling and distribution that compares actual and allowed costs 63. 3 Determine the revenue variance. 64 4. Determine the sales price variance. 65 5. Determine the sales volume vanance. 66 6. Explain to management the areas that should be investigated Explain why you picked these areas to look at