Wahlund Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. They prepared the following budget for October, when they planned on selling 6,500 units. Revenue $227,500Variable Manufacturing Costs 130,000Fixed Manufacturing Costs 35,000Variable Selling and Administrative Expenses 6,500Fixed Selling and Administrative Expenses 25,000Budgeted Operating Income $31,000Actual results for October were:Revenue (7,000 Units) $231,000Variable Manufacturing Costs 137,000Fixed Manufacturing Costs 36,000Variable Selling and Administrative Expenses 7,100Fixed Selling and Administrative Expenses 23,500Budgeted Operating Income $27,400Prepare a Flexible Budget Performance Report (complete Flexible Budget Analysis), including the total Activity Variance, total Revenue and Spending Variance, and individual Revenue and Spending Variances. All variances must be labeled as unfavorable (U) or favorable (F). Match each of the following items to the appropriate answer. Prepare the Flexible Budget Performance Report BEFORE you attempt to answer the questions.1. What is the total Activity Variance?2. What is the total Revenue and Spending Variance?3. What is the individual Revenue Variance?4. What is the individual Spending Variance for Variable Manufacturing Cost?5. What is the individual Spending Variance for Fixed Manufacturing Cost?6. What is the individual Spending Variance for Variable Selling and Administrative Expenses?7. What is the individual Spending Variance for Fixed Selling and Administrative Expenses?8. What is the flexible budget amount for Revenue?9. What is the flexible budget amount for Variable Manufacturing Costs?10. What is the flexible budget amount for Fixed Manufacturing Costs?11. What is the flexible budget amount for Variable Selling and Administrative Expenses?12. What is the flexible budget amount for the Fixed Selling and Administrative Expenses?13. What is the flexible budget amount for Budgeted Operating Income?A. $3,000 FB. $25,000C. $245,000D. $100 UE. $7,000F. $38,000G. $1,000 UH. $35,000I. $1,500 FJ. $140,000K. $14,000 UL. $7,000 UM. $10,600 F