TH Mu (3) What area was wea To get a more accurate assessment the CFO of Mike's Tables believes a performance report based on a Flexible Budget would be more useful. He needs your help however. Create a flexible budget below using the information given and identify the amount of the variances as well as identify with a "(U)" unfavorable variances and with an" (F)" for favorable variances. Sales (units) Sales Direct Materials Direct Labor Variable Overhead Fixed Overhead Total Costs Net Income (Net Loss) Unit Cost $70.00 $26.00 $21.00 $19.00 Flexible Budget Actual Results 266,400 After filling in all blanks above please comment on (based on dollars): (1) Overall is the manager's performance "positive" or "negative" compared to the Flexible Budget? (2) What area did Orange manager perform best in? (3) What area was weakest for the Orange manager? $18,137,100 $6,769,900 $5,618,000 $4,838,200 $338,200 $17,564,300 $572,800 Variance