Fill in the blanks with the variances and whether they are favorable or unfavorable. Format your answers with the number and capitalized F/U with no space in between (ex: 200.5F). Do not enter a dollar sign. Enter 0 if there is no variance.\ \ Actual Spending Variance Flexible Activity Variance Budgeted\ Units 285 0 285 35 250\ Revenues 6,450 \ 6,697.5 \ 5,875\ Direct Labor 2,700 \ 2,707.5 \ 2,375\ Direct Materials 790 \ 769.5 \ 675\ Manufacturing Overhead 1,060 \ 1,197 \ 1,050\ S&A Expenses 171 \ 171 \ 150\ Income 1,729 \ 1,852.5 \ 1,625\ \ \ \ Flag question: Spacer\ For questions 8, 9, and 10, please note your unit totals and costs are randomized and will differ by problem. Only solve for the quantity you are asked for to avoid unnecessary work.\ \ Flag question: Question 8\ Question 82 pts\ Jerry Jay is the CEO of Jerry's Jackets (JJ). In June, Jerry expects to produce and sell 3100 jackets, and he expects his June utilities cost to be $8,000 plus $0.60 per jacket. After the month ended, it was reported that 2960 jackets were sold in June and $10,190 was spent on utilities.\ \ What is the planning budget for utilities in June?\ \ Round your answer to the nearest whole number.\ \ 9,860\ \ Flag question: Question 9\ Question 92 pts\ Jerry Jay is the CEO of Jerry's Jackets (JJ). In June, Jerry expects to produce and sell 3100 jackets, and he expects his June utilities cost to be $8,000 plus $0.70 per jacket. After the month ended, it was reported that 3010 jackets were sold in June and $10,190 was spent on utilities.\ \ What is the activity variance for utilities in June?\ \ Round to the nearest whole number. If the variance is Favorable, enter a positive value. If unfavorable, enter a negative value.\ \ 63\ \ Flag question: Question 10\ Question 102 pts\ Jerry Jay is the CEO of Jerry's Jackets (JJ). In June, Jerry expects to produce and sell 3200 jackets, and he expects his June utilities cost to be $8,000 plus $0.70 per jacket. After the month ended, it was reported that 2980 jackets were sold in June and $10,190 was spent on utilities.\ \ What is the spending variance for utilities in June?\ \ Round to the nearest whole number. If the variance is Favorable, enter a positive value. If unfavorable, enter a negative value.\ \ -83\ \ Flag question: Question 11\ Question 111 pts\ Which of the following is true?\ Group of answer choices\ \ Variances are classified according to the impact on revenue\ \ None of the other available answers are true\ \ Assume all costs are variable when creating a flexible budget\ \ There can only be one cost driver\ \ Unfavorable activity variances for costs will typically accompany a favorable activity variance for revenue.\ \ Assume all costs are fixed when creating a flexible budget\ \ Flag question: Question 12\ Question 121 pts\ KuoKuts manufactures and sells one product. In August, they expected to sell 1,950 units but ended up selling 2,010 units. The variable element per unit for direct materials, direct labor, and S&A expenses was expected to be $4.50, $9, and $.60 respectively. The fixed element per month for direct labor and S&A expenses was expected to be $3,000 and $1,500 respectively. In August, the actual totals for direct materials, direct labor, and S&A expenses were $9100, $21400, and $2800 respectively. \ \ What is the spending variance for S&A expenses?\ \ Group of answer choices\ \ 2,800U\ \ 1,594U\ \ 1,300U\ \ 1,170U\ \ 94U\ \ 36U\ \ Flag question: Question 13\ Question 132 pts\ Fill in the blanks and mark whether it is favorable or unfavorable when applicable (ex: 4500 or 60F). Assume Revenues, Direct Labor, Direct Materials are variable. Assume Manufacturing Overhead and Selling & Administrative Expenses are fixed. \ \ Actual Spending Variance Flexible Activity Variance Budgeted\ Units 710 -- \ -- 650\ Revenues 30000 \ 27235\ Direct Labor 8810 \ 8125\ Direct Materials 3280 \ 2990\ Manufacturing Overhead 630 \ 585\ S&A Expenses 1110 \ 975\ Income 16170 \ 14560\ Quiz saved at 10:24pm \ Questions\ AnsweredQuestion 1\ AnsweredQuestion 2\ AnsweredQuestion 3\ AnsweredQuestion 4\ AnsweredQuestion 5\ AnsweredQuestion 6\ Haven't Answered YetQuestion 7\ Haven't Answered YetSpacer\ AnsweredQuestion 8\ AnsweredQuestion 9\ AnsweredQuestion 10\ AnsweredQuestion 11\ AnsweredQuestion 12\ Haven't Answered YetQuestion 13\ Time Elapsed:\ Attempt due: Feb 8 at 11:59pm\ 1 Day, 9 Hours, 40 Minutes, 20 Seconds