1. Pacific Company manufactures tables. A standard cost card for the manufacture of one table is below. In November, 2011 the company actually produced 1,000 tables. November, 2011 actual production costs and quantities are below. Required: A. Calculate the direct material price and quantity variances and the direct labor rate and efficiency variances. Standard Cost per Table: Direct material: 4 sq. ft. @ $3/sq. ft. Direct labor: 2 hours @ $8/hr Total prime costs $12 16 $28 November, 2011 Actuals: Direct material: 3,900 sq. ft. @ $3.10/sq. ft. Direct labor: 2,300 hours @ $$7.80/hr Name: 2. The Fixed Budget Performance Report for Cimarron Company in July, 2011 is below. Prepare a flexible budget performance report using the template below at the sales of 10,800 units. 3. Intertech sold 350 computers at a price of $1,200 each. The budget that was developed projected sales of 365 computers at a price of $1,100 each. Compute the sales price and sales volume variance using the template below. Acct 211 Direct Materials Variance Report Standard Quantity (50) Por Unit Standard Rate (SR) Actual Rate (AR) Totals Actual Quantity (AQ) Actual Outout SQxSR Standard Quantity (sa) Direct Materials Variance Analysis AQXAR Variance Quantity Variance BU SOXSR Accg 211 Direct Labor Varianco Roport Standard Quantity (50) Per Unit Standard Rate (SR) Totals Actu Quantity (AQ) Actual ate (AR) SOXSR Actual Output Standard Quantity (SO) R Direct Materials Variance Analysis AQXAR Rate Variance Efficiency Varlanco AQXSR (EU) SQXSR Cimarron Company Flexible Budget Performance Report For the Month Ending July 31, 2011 Budgeted Variable Amount Unit Flexible Budget Variance EWU) Actual AmountUnit $ Sales Variable Costs Contribution Margin Fixed Costs Income from Operations Fixed Budget 840,000 588.000 252,000 42,000 210,000 Actual 1,080,000 702,000 378,000 54,000 324,000 $ S $ $ $ $ $ Activity Level In Units 8,400 10,800 10,800 Acolo 211 Sales Variances. Report Standard Quantity (80) Standard Rate (SR) Actual Quantity AD) Actual Rate (AR) Direct Materials Sales Price Variance Sales Volume Variance Variance Analysis AQXAR (VU) AQXSR (FW ) SOXSR