&Brigtaspace upplementary Test 2 - Requires Res Time Limit: 3:15:00 Time Left:2:55:41 Anju Kumari Ray. Attempt Page 1: In Lechline Manufacturing's costing system, both variable and fixed manufacturing to products based on standard, direct manufacturing labour-hours (DILH). In 2027, the com 1 2 following standard for its manufacturing costs Direct materials (12, 000 kilogram * $8.125 per kilogram) $97 50 4 un Direct labour (2,400 hours * $1.5 per hour) $3,600 Variable overhead costs (2400 hours x $1 per hour) $2,400 Fixed overhead costs (2400 hours x $5 per hour) $12 000 Its budgeted annual production, for 2022, was 9 600 units. The records indicate that the actual production was 9 500 units, and show the following actual costs. Direct materials purchased and used 12,350 kg at $8 50 per ky 2,300 hours at $1.60 per hour Direct manufacturing labour Variable overheads incurred $2 500 . $13,200 Fixed overheads incurred Supplementary Test 2 - Reyu. Time Limit: 3:15:00 Time Left:2:55:30 nce report showing the Flexible Budget Variances for 2002. (3 marts) Anju Kuman. mmmes that might surface in the use of flexible budgeting for Page 1: Variable overheads incurred $2 500 whether cach is favourable (F) er 1 2 Fixed overheads incurred $13,200 4 5 Required a. Prepare a performance report showing the Flexible Budget Variances for 2022. ($ marta) b. Identify two potential ethical dilemmas that might surface in the use of flexible budgeting for performance evaluation. ($ marks) C. For 2022, calculate the following variances, indicating whether each is favourable (F) or unfavourable (U). & Direct materials price and efficiency variances ($ maria) Direct manufacturing labour rate and efficiency variances ($ maria) [total for Question 3 = 20 marks) Click Here for Formula Sheet (PDF)