E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Required: Complete the table by preparing Olive's flexible budget for 5,100, 7,100, and 8,100 units. Note: Round your intermediate calculations to 2 decimal places. Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs, Its standard cost information for last year follows: Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's direct materials price and quantity variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Farker rastic, incorporatea, manulactures piasuc mats to use wiu roung onice crairs. Is stanoata cost mormavon tor vast year follows: Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's direct labor rate and efficiency variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Parker Plastic had the following actual results for the past year: Required: Calculate Parker Plastic's variable overhead rate and efficiency variances and its over-or underapplied variable overhead. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). During the month of July. Collin's employees gave 420 baths. The actual results were 760 ounces of shampoo used (cost of $600,40 ), 7,200 gallons of water used (cost of $648 ), and labor costs for 360 hours (cost of $4,536 ). Required: 1. Calculate Sudi \& Cuts, direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds \& Cuts, direct labor variances for the month of July. Complete this question by entering your answers in the tabs below. Calculate Suds 8 Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). uring the month of July, Collin's employees gave 420 baths. The actual results were 760 ounces of shampoo used (cost of 600,40),7,200 gallons of water used (cost of $648 ), and labor costs for 360 hours (cost of $4,536 ). lequired: 1. Calculate Suds \& Cuts, direct materials variances for both shampoo and water for the month of July. . Calculate Suds \& Cuts, direct labor variances for the month of July. Complete this question by entering your answers in the tabs below. Calculate Suds \& Cuts, direct labor variances for the month of July. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero variance). Round your answers to nearest dollar amount
