Jarch Part 2 - Short Answer Problems (40 points) (15 points) Fougere Realtors, Inc. sells houses and earns revenue from a fee paid by the Part In customer on each house purchased or sold. Their major costs are commissions for salespersons, but there are of course several other types of costs as well. Chris Fougere, the managing partner of Fougere Realtors, Inc., received a report summarizing the company's cost performance for the most recent year, shown below. In A om Fougere Realtors, Inc. Cost Performance Report For the year ended December 31, 2019 Static Budget 180 Number of home sales Actual 200 Variance 20 F Variable Costs Sales commissions Travel expense Signage General overhead Total variable costs Fixed costs General overhead Total costs $1,116,000 36,000 171,000 657,000 $1,980,000 $1,220,000 39,500 192,700 717,000 $2,169,200 costs are $ 104,000 U 3,500 U 21,700U 60,000 U $ 189,200 U variance ance. 60,000 $2,040,000 63,000 $2,232,200 3,000 U $ 192,200 U Required: tin. Help Chris Fougere develop a better cost and expense control system in the organization by completing the following flexible budget table for the year ended December 31, 2019. You may A assume that variable costs are based on the number of home sales. (Note: Be sure to indicate any variance as either favourable (F) or unfavourable (U).) Flexible Budget Actual Variance Number of home sales 200 200 Variable Costs Sales commissions Travel expense Signage General overhead Total variable costs Fixed costs General overhead Total costs $1,220,000 39,500 192,700 717,000 $2,169,200 ts are 63,000 $2,232,200