A flexible budget graph for the Assembly Department shows the following: 1. At zero direct labor hours, the total budgeted cost line intersects the vertical axis at $127,000. At normal capacity of 50,000 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $374,000. 2. Develop the budgeted cost calculation for the Assembly Department and identify the fixed and variable costs. (Round variable cost value to 2 decimal places, e.g. 52.75.) Budgeted cost = $ $ per labor hour Grouper, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Grouper estimated 9.570 tybos would be produced in March. Grouper has established the following material and labor standards to produce one tybo: Direct materials Direct labor Standard Quantity Standard Price 2.5 pounds $3 per pound 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. 2. The company produced 9,190 units during the month A total of 24 220 pounds of materials were purchased at a cost of $66,605, A total of 24,220 pounds of materials were used in production 5,210 hours of labor were incurred during the month at a total wage cost of $57,310. 3. 4. Calculate the following variances for March for Grouper, Inc. Identify whether each variance is favorable or unfavorable (a) Materials Price Variance $ (6) Materials Quantity Variance $ Direct materials 2.5 pounds $3 per pound Direct labor 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. 2. The company produced 9,190 units during the month. A total of 24,220 pounds of materials were purchased at a cost of $66,605. A total of 24,220 pounds of materials were used in production 5,210 hours of labor were incurred during the month at a total wage cost of $57,310. 3. 4. Calculate the following variances for March for Grouper, Inc. Identify whether each variance is favorable or unfavorable. (a) Materials Price Variance $ Favorable Unfavorable Not Applicable (b) Materials Quantity Variance (c) Labor Price Variance $ (d) Labor Quantity Variance Blossom Co.developed its annual manufacturing overhead budget for its master budget for 2022 as follows: 120,100 Direct Labor Hours Expected annual operating capacity Variable overhead costs Indirect labor $600,500 Indirect materials 120,100 Factory supplies 60,050 Total variable 780,650 Fixed overhead costs Depreciation 240,000 Supervision 120,000 Property taxes 96,000 Total fixed 456,000 Total costs $1.236,650 The relevant range for monthly activity is expected to be between 8, 100 and 12,000 direct labor hours. Prepare a flexible budget for a monthly activity level of 8.100 and 9, 100 direct labor hours. (List variable costs before fixed costs.) Monthly Flexible Manufacturing Overhead Budget ctivity level Direct labor hours 8,100 9,100 Variable Costs Indirect Labor $ $ Indirect Materials Factory Supplies Total Variable Costs Fixed Costs Depreciation I Supervision Property Taxes Total Fixed Costs Total Costs $ $ $ A flexible budget graph for the Assembly Department shows the following: 1. At zero direct labor hours, the total budgeted cost line intersects the vertical axis at $127,000. At normal capacity of 50,000 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $374,000. 2. Develop the budgeted cost calculation for the Assembly Department and identify the fixed and variable costs. (Round variable cost value to 2 decimal places, e.g. 52.75.) Budgeted cost = $ $ per labor hour Grouper, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Grouper estimated 9.570 tybos would be produced in March. Grouper has established the following material and labor standards to produce one tybo: Direct materials Direct labor Standard Quantity Standard Price 2.5 pounds $3 per pound 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. 2. The company produced 9,190 units during the month A total of 24 220 pounds of materials were purchased at a cost of $66,605, A total of 24,220 pounds of materials were used in production 5,210 hours of labor were incurred during the month at a total wage cost of $57,310. 3. 4. Calculate the following variances for March for Grouper, Inc. Identify whether each variance is favorable or unfavorable (a) Materials Price Variance $ (6) Materials Quantity Variance $ Direct materials 2.5 pounds $3 per pound Direct labor 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. 2. The company produced 9,190 units during the month. A total of 24,220 pounds of materials were purchased at a cost of $66,605. A total of 24,220 pounds of materials were used in production 5,210 hours of labor were incurred during the month at a total wage cost of $57,310. 3. 4. Calculate the following variances for March for Grouper, Inc. Identify whether each variance is favorable or unfavorable. (a) Materials Price Variance $ Favorable Unfavorable Not Applicable (b) Materials Quantity Variance (c) Labor Price Variance $ (d) Labor Quantity Variance Blossom Co.developed its annual manufacturing overhead budget for its master budget for 2022 as follows: 120,100 Direct Labor Hours Expected annual operating capacity Variable overhead costs Indirect labor $600,500 Indirect materials 120,100 Factory supplies 60,050 Total variable 780,650 Fixed overhead costs Depreciation 240,000 Supervision 120,000 Property taxes 96,000 Total fixed 456,000 Total costs $1.236,650 The relevant range for monthly activity is expected to be between 8, 100 and 12,000 direct labor hours. Prepare a flexible budget for a monthly activity level of 8.100 and 9, 100 direct labor hours. (List variable costs before fixed costs.) Monthly Flexible Manufacturing Overhead Budget ctivity level Direct labor hours 8,100 9,100 Variable Costs Indirect Labor $ $ Indirect Materials Factory Supplies Total Variable Costs Fixed Costs Depreciation I Supervision Property Taxes Total Fixed Costs Total Costs $ $ $