Flower ltd. budgeted to sell 200 units and produced the following budget. $ $Sales 71400Variable costs Labor 31600Material 12600 44200Contribution 27200Fixed Costs 18900Profit 8300Actual sales turned...

Flower ltd. budgeted to sell 200 units and produced the following budget. $ $Sales 71400Variable costs Labor 31600Material 12600 44200Contribution 27200Fixed Costs 18900Profit 8300Actual sales turned out to be 230 units, which were sold for $ 69000. Actual expenditure on labor was $ 27000 and on material $ 24000. Fixed costs totalled $10000.Required:Prepare a flexible budget that will be useful for management control purposes.