Question completion status QUESTION 33 10 points Look at the performance report below. Identify the flexible budget direct labor variance and provide a possible explanation for that variance. Als speculate as to which management position(s) would be held responsible for that variance. Flexible Budget Variance Sales Volume Variance Flexible Budget Master Static) Budget Actual F/0 F/U Sales volume (units) 51,000 51,000 4,000 F 47,000 Sales revenue $3,315,000 $ 357,000 U $ 3,672,000 S 288,000 F $ 3,384,000 F F Variable costs: Direct materials cost Direct labor cost Overhead cost-variable Selling General Admin costs - Variable Total variable costs 1,021,000 765,000 510,000 204.000 2,550,000 204,000 153,000 102,000 51,000 204,000 1,275.000 918,000 400.000 153,000 2,754,000 100,000 72,000 32,000 12,000 216,000 CCCCC 1,175,000 846,000 376,000 141,000 2,538,000 F Contribution margin 765.000 153,000 U 918,000 72,000 F 846,000 F Fixed costs: Overhead cost-fixed Selling General Admin costs - fixed Total fixed costs 114,000 69,000 183,000 6,400 2,000 4.400 U F 120,400 67.000 187,400 120,400 67.000 187,400 Net operating income $ 582,000 $ 148,600 U $ 730,600 $72.000 F $ 658,600