Selected Data for 2023: LEFTY'S LOVESEATS Master Budget 3,000 units Actual Results 3,100 units SALES $2,550,000 3,000 units * $850 3,100 units . $833 $2,582,300 DM $269,700 30,000 yds @ $8.99/yd 31,000 yds @ $8.88/yd $275,280 DL $126,000 10,500 DLHr @ $12/DLHr 9,950 DLHr @$13.50/DLHr $134,325 VMOH $4,500 3,000 Mhr @ $1.5/Mhr 3,040 Mhr @ $1.25/Mhr $3,800 FMOH $6,000 $5,000 1. Calculate product cost Standards for FINISHED units. Round to 2 decimals. 2. Prepare a partial Flexible Budget (sales revenue and product costs only) for the current year. Round to the nearest dollar. 3. Calculate the sales revenue and product cost Flexible Budget Variances. Don't forget to indicate if the variance is favorable or unfavorable. Round to the nearest dollar. 4. Calculate 7 production cost variances. Round to the nearest dollar