Comprehensive variance analysis review.:Andrew Scheid Ltd manufactures kitchen cabinets. The companys budget for fixed costs per month is $7,500 and budgeted variable costs per cabinet are:

Direct materials 15 sq. meter at $4.50 per sq. meter $67.50

Direct labor 5 hours at $6 per hour. $30.00

Variable costs 5 hours at $3 per labor hour $15.00

The company had budgeted to make and sell 1,000 cabinets per month at a selling price of $150 each. However, in June, the actual figures were as follows:

Sales 1,400 units $212,800

Direct materials 22,000 sq. meter $121,000

Direct labor 6,800 hours $ 34,000

Variable costs 6,800 hours $ 15,000

Fixed costs $ 6,000

Calculate the following:

1. Static-budget and actual operating income

2. Static-budget variance for operating income

3. Flexible-budget operating income

4. Flexible-budget variance for operating income

5. Sales-volume variance for operating income

6. Price and efficiency variances for direct manufacturing labor

7. Flexible-budget variance for direct manufacturing labor