Please do all workings and calculation for part 1 and if comment

Question 2 YXZ has prepared the following fixed budget for the year 2021. Expected Sales: 20,000 units Expected Production: 20,000 units $ Direct Materials Direct Labour 40,000 Variable Overheads 20,000 Fixed Overheads 15,000 Budgeted selling price $15 per unit. 70,000 At the end of the year, these costs had been incurred for the actual production of 30,000 units. $ Direct Materials 120,000 Direct Labour 60,000 Variable Overheads 25,000 Fixed Overheads 20,000 The actual sales were 30,000 units for $350,000. 1. Prepare a fixed, a flexed and an actual budget for the year. (10 Marks) 2. Compare all budgets to explain the possible causes of the variances. (20 Marks)