Part I Prepare a flexible budget report for 2023 based on the information below. Provide full calculation steps for full mark. (14 marks) Cost Budget at 4,000 Units Actual Amounts at 4,500 Units Direct materials $185,000 $188,000 Direct labour 226,000 250,000 Indirect labour 22,000 25,000 Indirect materials 14,000 16,000 Cost Budget at 4,000 units Variance Flexible Budget Variance Actual at 4,500 units Direct materials $185,000 $188,000 Direct labour 226,000 250,000 Indirect labour 22,000 25,000 Indirect materials 14,000 16,000 total Part II LUX Company makes lamps, for which the following standards have been developed: Direct Costs Standard Inputs Expected for Each Unit of Output Standard Price Expected per Unit of Output Direct materials 3 kilograms $35 per kilogram Direct labour 2 hours $16 per hour During March, production of 210 lamps was expected, but 200 lamps were completed. Direct materials purchased and used were 620 kilograms at an actual price of $34 per kilogram. Direct labour cost for the month was $8,500, and the actual pay per hour was $17. Compute the direct-material price variance for March. (4 marks) Compute the direct-material quantity variance for the month of March. (4 marks) What is total direct material variance? (3 marks