1. [-14 Points) DETAILS Question 1: Sales price variance, sales volume variance, and fixed cost variance Budgeted Actual $600 $650 Price Sales volume in units Unit VC 50 45 $200 $120 $200,000 $220,000 Fixed costs a) without computations, characterize the following variances as favorable or unfavorable: sales price variance FU sales volume variance FU fixed cost variance FU b) Compute the following variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter For U after the number. sales price variance - S sales volume variance = $ fixed cost varlance - $ 2. (-/6 Points] DETAILS DM price Question 2: Input price and input efficiency variances The budgeted and actual data for direct materials and labor are as follows: Budgeted Actual $0.75 per $1 per pound pound 5 pounds per 6 pounds per DM quantity per unit unit unit DL price $10 per hour $13 per hour DL quantity per unit 0.2 hours per 0.3 hours per unit unit Actual sales volume is 100 units. Budgeted sales volume is 80 units. a) without computations, characterize the following variances as favorable or unfavorable: input price variance for DM FU input efficiency variance for DM FU input price variance for DL FU input efficiency variance for DL FU b) Compute the input price and input efficiency variances for DM and DL. As a preliminary step, compute actual Input quantity (total pounds or hours we actually used) and flexible budget Input quantity (total pounds or hours we should have used for actual output): actual input quantity for DM = pounds flexible budget input quantity for DM = pounds actual input quantity for DL- hours flexible budget input quantity for DL = hours Next, compute the variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter For U. Input price variance for DM- input efficiency variance for DM - $ Input price variance for DL - $ input efficiency variance for DL = $