Excel Assignment #6 - Performance Measurement Fall Semester Northern Illinois Manufacturing reported the following results from last year's operations: Sales (1,320,000 units) $ 15,840,000 Variable Expenses Direct Materials 1.900,400 Direct Labor 5.450,220 Manufacturing OH 2,100.500 S&A 2.112.000 Total Variable 11,603.120 Contribution Marcin 4.236.880 Fixed Expenses Manufacturing OH 767.700 S&A 1.126.800 Total Fixed 1,894,500 Net Operating Income $ 2,342.380 Total operating assets at the end of the year are $20,900,000. The total operating assets at the end of last year was $19,100,000 The company tracks its internal business process performance and reports the following data for this year. Inspection time 0.7 days Wait time (from order to start of production) 13.5 days Process time 3.6 days Move time 1.6 days Queue time 41 days Budgeted information for Northern Illinois is based on the following information: Sales - Units 1,300,000 Sales Price S12 per unit Direct materials $1.50 per unit Direct labor $3.60 per unit Variable OH $1.50 per unit Variable S&A $1.60 per unit Fixed OH $750,000 Fixed S&A $1,125.000 The following standard cost card is for the variable manufacturing for one unit of production: Budgeted information for Northern Illinois is based on the following information: Sales - Units 1.300.000 Sales Price S12 per unit Direct materials S1.50 per unit Direct labor $3.60 per unit Variable OH $1.50 per unit Variable S & A $1.60 per unit Fixed OH $750,000 Fixed S&A $1,125,000 The following standard cost card is for the variable manufacturing for one unit of production: Std Quantity Std Price Sid Cost Direct materials 2.00 lbs 0.75 per pound 1.50 Direct labor 0.20 hrs 18.00 per hour 3.60 Variable OH 1.50 per unit 1.50 During the year, the company purchased and used 2,772,000 pounds of material. The company worked 302,790 hours at a rate of $18 per hour. The company's minimum return is 10%. This assignment requires several items to be completed using an Excel spreadsheet. Please prepare the items in the order given with the number of the requirement or your Excel spreadsheet. 1. Prepare the flexible budget performance report for last year. (See exhibit 9-6) 2. Determine the material price and quantity variances. 3. Determine the direct labor price and quantity variances. 4. Determine the variable overhead spending and efficiency variances. 5. Determine the ROI and RI for last year. 6. Determine last year's throughput time, MCE, and delivery cycle time