REQUIRED Use the information provided below to prepare the Performance report indicating original budget, actual budget, flexible budget and variances. INFORMATION Robex Ltd manufactures a single product. It originally planned to produce and sell 8 000 units during the year, but the actual activity level was 11 000 units. The budgeted and actual income and costs for the year are as follows:

Original Budget Actual results Volume 8 000 units 11 000 units R R Sales 1 280 000 1 815 000 Cost of sales (1 028 000) (1 450 000) Direct Materials 360 000 528 000 Direct labour 304 000 440 000 Variable overheads 144 000 242 000 Fixed overheads 220 000 240 000 Gross Profit 252 000 365 000