Calculate the below ratios based on the following data: PlazaPlace Company produces bowling ball+pin sets and has the following expected costs There are 1,200 sets expected to be sold at an average selling price of $25 per set in July Each set is expected to use 5.6kg of direct materials at a standard cost of $4.25 per kg Direct labour is expected to consist of 1.2 hours per set at a standard cost of $18 per hour Variable overhead is expected to consist of 3.2 machine hours at a rate of $7 per hour What is the expected total standard cost per unit? During the year, 1,100 sets were produced/sold at the standard price with the following results: 6000kg of materials were used at a total cost of $26,400 1200 labour hours were used at a cost of $22,600 3600 machine hours were used at a total cost of $29,700 Calculate the following ratios: 10.1 Materials Price Variance 10.2 Materials Quantity Variance 10.3 Labour Rate Variance 10.4 Labour Efficiency Variance 10.5 Variable Overhead Spending Variance 10.6 Variable Overhead Efficiency Variance Prepare an income statement performance report for XYZ Incorporated based on the information provided in the table below: (calculate FBV and SVV) Actual Results Static Budget Sales Price 65.00$ 64.00$ Total Sales 1,007,500.00$ 864,000.00$ Variable Costs: Direct Materials 217,000.00$ 168,750.00$ Direct Labour 279,000.00$ 270,000.00$ MOH 74,400.00$ 64,800.00$ Total Variable Costs 570,400.00$ 503,550.00$ Fixed Costs: Salaried CEO 128,000.00$ 110,000.00$ Warehouse Rent 144,000.00$ 144,000.00$ Depreciation 82,000.00$ 83,000.00$ Total Fixed Costs 354,000.00$ 337,000.00$ Operating Income 83,100.00$ 23,450.00