ELS WERS B4 - 4 A B C D E F G H K 52 35 total 53 Long answer Qs, look for marks in bold for each 54 11 You are working with a manufacturer under Boardz Co. This company creates Board game tables from scratch. 56 They had the following forecasted/budgeted for the full 2020 year: 57 Sales in dollars 750,000 58 Selling price per units 750 59 lumber pieces used per set 3 60 Cost for one unit of lumber $ 2.5 61 DLH per unit, $25 per 1.0 62 63 At the end on 2020, they knew the following: 64 Sales in dollars 625,000 Selling price per unit $ 500 66 lumber pieces used (total) 5,000 67 Cost for one unit of lumber $ 2 68 DL$ paid total, $24 per hour 100,000 69 70 Formulas 71 Price Var. =- (Actual price - budgeted price)*Actual Q 72 Efficiency Var. = -(Actual Quantity used - flex Budgeted Quantity) Budgeted Price 73 Flexible budget variance = price + efficiency Flexible budget variance also = actual total - flex budget total W5 76 a) Boardz forgot to indicate quantity sold! Help! What is the budgeted Q sold? 2 Marks 65 74 78 79 b) Boardz does not know actual quantity sold! Help! What is the actual quantity sold? 2 Marks 80 81 82 89 Cj You remember from your university days, there is a middle step between "static" budget and "actual" budget and you first have to calculate the flexible revenue budget amount. What Revenue's flexible budget? 3 Marks Sun Avenue Count