You are a budget analyst for the Themis Corporation, manufacturers of a specialized herbicide used to...

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You are a budget analyst for the Themis Corporation, manufacturers of a specialized herbicide used to treat lakes and ponds. The recent accounting period just ended whereupon you receive the following information comparing the organization's expected manufacturing operations to its actual results. Budgeted Manufacturing Operations Sales Price Sales Volume (in units) Standard costs (per unit of output) Direct materials, 6 gallons @ $2.00 per gallon $190.00 225,000 $12 $108 Factory overhead (variable at $9 per direct labor hour) Variable ($9 per direct labor hour) $27 Fixed $3 Total standard cost per unit $150 Direct labor, 3 hours @ $36 per hour Actual Manufacturing Operations Sales Price Sales Volume (in units) Standard costs (per unit of output) Direct materials, 6.5 gallons @ $1.90 per gallon Direct labor, 3.2 hours @ $35.5 per hour Factory overhead (variable at $9 per direct labor hour) $192.50 234,000 $12.35 $113.60 $29.60 $2.88 Variable ($9.25 per direct labor hour) Fixed Required: Total standard cost per unit $158.43 1 Conduct a variance analysis on the following: a. Direct materials b. Direct labor c. Variable overhead d. Fixed overhead e. Profit F. Sales You are a budget analyst for the Themis Corporation, manufacturers of a specialized herbicide used to treat lakes and ponds. The recent accounting period just ended whereupon you receive the following information comparing the organization's expected manufacturing operations to its actual results. Budgeted Manufacturing Operations Sales Price Sales Volume (in units) Standard costs (per unit of output) Direct materials, 6 gallons @ $2.00 per gallon $190.00 225,000 $12 $108 Factory overhead (variable at $9 per direct labor hour) Variable ($9 per direct labor hour) $27 Fixed $3 Total standard cost per unit $150 Direct labor, 3 hours @ $36 per hour Actual Manufacturing Operations Sales Price Sales Volume (in units) Standard costs (per unit of output) Direct materials, 6.5 gallons @ $1.90 per gallon Direct labor, 3.2 hours @ $35.5 per hour Factory overhead (variable at $9 per direct labor hour) $192.50 234,000 $12.35 $113.60 $29.60 $2.88 Variable ($9.25 per direct labor hour) Fixed Required: Total standard cost per unit $158.43 1 Conduct a variance analysis on the following: a. Direct materials b. Direct labor c. Variable overhead d. Fixed overhead e. Profit F. Sales