2. Based on predicted production and sales of 75,000 units, a company anticipates $1,875,000 in sales, $600,000 of variable costs, and $1,000,000 of fixed costs. If the company actually produces and sells 72,000 units, calculate the flexible budget amounts for sales, variable costs, fixed costs and net income at this volume. flexible budget amounts for sales variable costs fixed costs net income 3. A manufacturing company reports the following standard cost information for one of its products: Direct Materials Direct Labor 6 lbs. @ $24 per lb. 2 DLH @$35 per hour Use the above standard cost information to answer the following. a. What is the standard price for DM (SP)? b. What is the standard quantity for DM (SQ)? c. What are the standard hours for DL (SH)? d. What is the standard rate for DL (SR)? e. What would be the total standard direct materials cost if the company produced 6,500 units? f. What would be the total standard direct labor cost if the company produced 6,500 units? X

2. Based on predicted production and sales of 75,000 units, a company anticipates $1,875,000 in sales, $600,000 of variable costs, and $1,000,000 of fixed costs. If the company actually produces and sells 72,000 units, calculate the flexible budget amounts for sales, variable costs, fixed costs and net income at this volume. flexible budget amounts for sales variable costs fixed costs net income 3. A manufacturing company reports the following standard cost information for one of its products: Use the above standard cost information to answer the following. a. What is the standard price for DM (SP)? b. What is the standard quantity for DM (SQ)? c. What are the standard hours for DL (SH)? d. What is the standard rate for DL (SR)? e. What would be the total standard direct materials cost if the company produced 6,500 units? f. What would be the total standard direct labor cost if the company produced 6,500 units? 2. Based on predicted production and sales of 75,000 units, a company anticipates $1,875,000 in sales, $600,000 of variable costs, and $1,000,000 of fixed costs. If the company actually produces and sells 72,000 units, calculate the flexible budget amounts for sales, variable costs, fixed costs and net income at this volume. flexible budget amounts for sales variable costs fixed costs net income 3. A manufacturing company reports the following standard cost information for one of its products: Use the above standard cost information to answer the following. a. What is the standard price for DM (SP)? b. What is the standard quantity for DM (SQ)? c. What are the standard hours for DL(SH) ? d. What is the standard rate for DL (SR)? e. What would be the total standard direct materials cost if the company produced 6,500 units? f. What would be the total standard direct labor cost if the company produced 6,500 units