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 5,000 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 5,000 units
Direct materials	$185,000		231250		$188,000
Direct labour	226,000		2825000		250,000
Indirect labour	22,000		22000		25,000
Indirect materials	14,000		14000		16,000
total