3. Variance Analysis Foreman Corporation used the following data to evaluate their current operating system. The company sells items for 35 each and used a budgeted selling price of 35 per unit. Actual Budgeted Units sold 50,000 units 48,000 units Variable costs 250,000 216,000 Fixed costs 48,000 50,000 a. What is the static-budget variance of revenues? (10 points) b. What is the static-budget variance of variable costs? (10 points) c. What is the flexible budget variance of operatiob income? (10 points) 4.Budget Information provided below belongs to the 2019 budget of Zera Co. Based on the projected information on budget, please prepare the following: a. Sales Budget (10 points) b. Production Budget (10 points) c. Procurement (purchase) budget (10 points) d. Labor budget (5 points) Projected Sales Number of Product Price (TL) Product A 60.000 units 165 TL Product B 40.000 units 250 TL Product A Product B Projected beginning inventory 20.000 units 8000 Projected ending inventory 25.000 units 9000 Raw Materials Product A Product B A 5 kg 2 kg 3 kg 1 unit Direct Materials Projected purchase Beginning inventory Ending price (TL) inventory 4 kg B O unit 36.000 units 32.000 units 7.000 units A B Labor Requirement Product Product A Product B 12 TL 5 TL 3 TL Labor hours 2 hours 3 hours 32.000 units 29.000 units 6.000 units Payment per labor hours 12 TL 16 TL 3. Variance Analysis Foreman Corporation used the following data to evaluate their current operating system. The company sells items for 35 each and used a budgeted selling price of 35 per unit. Actual Budgeted Units sold 50,000 units 48,000 units Variable costs 250,000 216,000 Fixed costs 48,000 50,000 a. What is the static-budget variance of revenues? (10 points) b. What is the static-budget variance of variable costs? (10 points) c. What is the flexible budget variance of operatiob income? (10 points) 4.Budget Information provided below belongs to the 2019 budget of Zera Co. Based on the projected information on budget, please prepare the following: a. Sales Budget (10 points) b. Production Budget (10 points) c. Procurement (purchase) budget (10 points) d. Labor budget (5 points) Projected Sales Number of Product Price (TL) Product A 60.000 units 165 TL Product B 40.000 units 250 TL Product A Product B Projected beginning inventory 20.000 units 8000 Projected ending inventory 25.000 units 9000 Raw Materials Product A Product B A 5 kg 2 kg 3 kg 1 unit Direct Materials Projected purchase Beginning inventory Ending price (TL) inventory 4 kg B O unit 36.000 units 32.000 units 7.000 units A B Labor Requirement Product Product A Product B 12 TL 5 TL 3 TL Labor hours 2 hours 3 hours 32.000 units 29.000 units 6.000 units Payment per labor hours 12 TL 16 TL
