..1 T-Mobile Wi-Fi 5:43 AM angie 2017 Test IV 1. (15 Points) Marshall Cabinet Manufacturers uses flexible budgets that are based on the following manufacturing data for the month of July: Direct materials Direct labor Electric power (variable) S0.30 per un Electric power (fixed) $4,000 per month Supervisor salaries$15,000 per month Property taxes on factory $4,000 per month Straight-line depeeciation $2,900 per month 58 per unit $3 per unit a). Prepare a flexible budget for Marshall, based on production of 10,000, 15,000, and 20,000 units. b) If 14,000 units are produced, what is the variance to the Flexible Budget if the actual costs are $220,988? 2. (15 Points) a) Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 2 yard of fabric at S4.00 per yard Standard Labor Factory Overhead I hour at $11.00 per hour 54.00 per direct labee hour b) If 10,000 units are produced what should be the standard costs, assuming all the Factory Overhead is variable