According to its original plan, Solomon Consulting Services Company plans to charge its customers for service at $134 per hour in 2018. The company president expects consulting services provided to customers to reach 47000 hours at that rate. The marketing manager, however, argues that actual results may range from 43,000 hours to 51000 hours because of market uncertainty Solomon's standard variable cost is $39 per hour, and its standard fixed cost is $1.390,000 Required Develop flexible budgets based on the assumptions of service levels at 43,000 hours, 47000 hours, and 51,000 hours Flexible Budget Flexible Budget Fle Hours 47,000 Hours Benson Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department's static budget and actual results for 2019 follow Static Budget 38,000 kits 1 Results Production in units Direct materials Direct labor Variable sanufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost 39,880 kts $262,208 224, 280 57,000 543,488 202,0ee $745,480 313,028 227,728 63,000 603,740 197.20e $800,94 Required a. Convert the static budget into a flexible budget b. Calculate the variances. Complete this question by entering your answers in the tabs below Required A Required B Convert the static budget into a flexible bludget. (Do not round intermediate calculations.) Flexible Bud Production in units Direct materials Direct labor Varlable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs 39,800 Kts Benson Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department's static budget and actual results for 2019 follow Static Budget Actual Results 38,800 kits 39,800 kits Production in units Direct materials Direct labor Variable nanufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost $262,200 224,280 57,888 543,400 02,800 $745,400 5313,820 227,720 63,000 603,740 197,20 $800,940 Required a. Convert the static budget into a flexible budget b. Calculate the variances Complete this question by entering your answers in the tabs below Required A Required Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effect (i.e., zero variance).) riances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total costs Required Supply the missing information in the following table for Benson Company. (Do not round intermediate calculations. Round "ROI answer to 2 decimal places. (i.e., .2345 should be entered as 23.45.) Sales ROI Operating assets Operating income S358,000 2.0 umover Residual income Operating profit margin Desired rate of returm 141% 181%
