Bill and Sons of Anarchy is a company that delivers automobile repair parts to various service garages. The following information is for three of the company's activities in 2020: Rate per Output unit/Batch Static Activity Activity Level Cost Driver Budget Receivables Output unit Sales invoices $0.70 Payables Batch Purchase invoices $25.00 Travel expenses Batch Travel claims $55.00 Actual Cost $0.75 $23.00 $52.50 The output measure is the number of deliveries. Static Actual Budget Amount Number of deliveries 20,000 22,200 Number of sales invoices 4,000 3,700 Batch size in terms of deliveries: Purchase invoices 10 8 Travel expense claims 20 25 Required a. Calculate the flexible-budget variance for each activity in 2020. b. Calculate the price and efficiency variances for each activity in 2020. Hollywood Jewelers planned to produce 900 units during April with a total overhead budget of $12,400. However, while manufacturing the 1,000 units the microcomputer that contained the month's cost information broke down. With the computer out of commission, the accountant has been unable to complete the variance analysis report. The information missing from the report is lettered in the following set of data: Variable overhead: Standard cost per unit: 0.4 labour hour at $4 per hour Actual costs: $2,100 for 376 hours Flexible budget: a Total flexible-budget variance: Variable overhead rate variance: C Variable overhead efficiency variance: d e f Fixed overhead: Budgeted costs: Actual costs: Flexible-budget variance: $500 favourable Required a. Compute the missing elements in the report represented by the lettered items Jestion 4: (22 marks total) Muddy Duck Manufacturing (MDM) Inc. is a farm machinery company that uses a standard cost system for its machine-based production of grain drying equipment. Data regarding production for April are as follows: Variable manufacturing overhead costs incurred Variable manufacturing overhead costs allocation rate Fixed manufacturing overhead costs incurred Fixed manufacturing overhead budgeted Denominator level machine hours Standard machine hours allowed per unit of output Units produced Actual machine-hours used Ending work-in-process inventory $ 559,650 $600 per machine hour $86,500 $90,000 500 hours 15 hours 65 units 910 hours nil Required a. Prepare the necessary journal entries to account for the variable manufacturing overhead incurred and allocated to production