Question: Budgeted amounts for the year;materials 2 leather strips @$7.00labor 1.5 hr. @$18.00V O H 1.5 hr. @$1.20F O H $6,800REQUIRED1-prepare a flexible budget for 3,500, 4,000,and 4,500 units2-conceptual connection calculate the unit cost at 3,500, 4,000, and 4,500 units round unit cost to the nearest cent. what happens to unit cost as the number of units produced increase.