Case 2. (3 Marks) The Fox Company uses a flexible budget to control its costs. The components of the Company's October budget report are shown in the table below: Fox Company Flexible budget October 2020 Favorable Budget Production units Actual Variance Unfavorable Per Unit 1,000 2,000 2,000 Sales $ 8 18,000 Variable Costs 1.50 Sales commissions Advertising 2,600 4,300 2.10 Travel expenses 1.20 2,200 Total variable costs 9,100 Fixed expenses 1,200 1,200 1,100 800 800 900 Sales salaries Depreciation Total fixed expenses 500 500 600 Required: 1. (1 Mark) Complete the table above for the budgeted amounts Required: 1. (1 Mark) Complete the table above for the budgeted amounts 2. (.5 Mark) Compare budget at the 2,000 unit production level to actual and determine variances 3. (1.5 Marks) Evaluate variances and write if the variance is favorable or unfavorable