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Could you help me to solve the questions per attached picture, thanks. Pet Groom & Clean nnnages one store in a 110 store chain of

Could you help me to solve the questions per attached picture, thanks.

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Pet Groom & Clean nnnages one store in a 110 store chain of pet groommg stores ouned by Pet Groom & Clean Convany (PG&C)_ As for other PG&C stores, his store is open Monday through Saturday each week; the only sav:ce provided at the store is a service in which a pet, dog or cat, IS groomed and cleaneck typically while the custonler waits. The budgeted price for the service at the beginning of 2016 weas $25. Budgeted variable costs were $2 for nnterials and $9 labor cost pa- savice Materials are purchased by local store nnnagers, and all staff are hired and supervised by the local store nnnagers_ David IS an ambltlous and hardworking manager, who has applied himself to the job and has looked for different ways to attract customers and to reduce costs. For exanvle, he noticed that most of the company's customers brought their pets in on Friday, Saturday, and Monday, and the number of custotners weas significantly lower on Tuesday through Thursday. In fact, David budgeted that 80% of total demand for 2016 would be in the Friday Monday periocu and only 20% would be m the Tuesclay- Thursday period So at the start of 2016 David began a promotion that reduced prices on Tuesday through Thursday to $1 S m an effort to clraw in Inore business during these three days. Also, noting the strong demand m the Friday-Monday perlod David decided to increase the price during those days from $25 to $30_ The amount of nnterials was budgeted to be 0.5 pound per savice_ Actual total materials cost for 2016 was $23, 100 at $4.62 pa- pound An experienced manager, David weas able to nnnage labor costs so that staff were not Idle, even on slow clays. Labor costs consists of 3 staff who are budgeted to work 2,500 hours per year at a budgeted pay rate of $12 per hour, thus the total budgeted labor costs of $90,000 (3 x $12x 2,500). Through Ills careul scheduling of staff, and his effective management style, Dm,e was able to sme labor tilne so that each of the three employees worked only 2,250 hours in 2016. Actual total labor cost was $91,125. The store had no variable overhead costs, but budgeted $112,500 for fixed overhead costs which are allocated on the basis of labor hours. Actual fmed overhead costs were $125,000_ The result of David's promotional price for the Tuesday-Thursday period was successful, as total sales Increased from 10,000 to 10,500 and the Tuesday-Thursday sales increased from 200 0 to 30% of total sales. REQUIRED: 2. 3. Prepare a profit-variance report using the format in Exhibit 14_4_ Develop an analysis which explains David's performance for the year ended December 31, 2016. Calculate and provide a concise Interpretation of each variance. a) Price and efficiency variances for materials and labor. b) Spending and product volume variances for fixed overhead costs. Suggest 2-3 non-financial measures for evaluating the store' s performance and briefly discuss how they will complement the financial performance information.

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