Assume Porcelain Computer Company has created a standard cost card for the PCC model tablet computer, with overhead allocated based on direct labor hours: (Click the icon to view the standard costs.) During the month of September, Porcelain Computer Company incurred the following costs while manufacturing 700 PCC model tablets: (Click the icon to view the actual costs.) Read the requirements. Requirement 1. Prepare a flexible budget for September for 500, 600, and 700 PCC model tablets. The tablet has a standard sales price of $660. List variable costs separately. Flexible Budget For the Month Ended September 30 Budget Amounts per Unit 500 600 700 Units Sales Revenue Variable Costs: Direct Materials Direct Labor Variable Overhead Total Variable Costs Contribution Margin Fixed Costs Onoratina Income Direct materials $350 per tablet Direct labor 5 hours per tablet at $28 per hour Variable overhead 5 hours per tablet at $14 per hour Fixed overhead $42,000 per month Direct materials $ Direct labor 252,700 100,450 49,350 Variable overhead Fixed overhead 43,340 1. Prepare a flexible budget for September for 500, 600, and 700 PCC model tablets. The tablet has a standard sales price of $660. List variable costs separately. 2. Using 600 PCC model tablets for the static budget, prepare a flexible budget performance report for September. Total sales revenue for the month was $477,400. The company sold 700 tablets. 3. What insights can the management of Porcelain Computer Company draw from the performance report? Review the flexible budgets from Requirement 1. Pierre Computer Company Flexible Budget Performance Report For the Month Ended September 30 Flexible Sales Budget Amounts Par Unit Budget Actual Results Flexible Budget Volume Variance Static Budget Variance Units Sales Revenue Variable costs Choose from any list or enter any number in the input fields and then click Check