fill in yellow boxes

Information for Abbott Health Company who makes vaccines. Budgeted Actual Average Selling Price Per Vial $ 8.30 $ 8.20 Total Direct Materials Cost Per Vial $ 3.60 $ 3.90 Direct Manufacturing Labor Cost Per Hour $ 15.00 $ 15.20 Average labor productivity rate (vials per hour) 100.00 90.00 Sales commission cost per vial $ 0.72 $ 0.70 Fixed administrative and manufacturing overhead $ 990,000 $ 1,100,000 - Sales in Units $ 700,000 $ 630,000 2 F/U Static Budget 1 Part 1: Develop a Flexible Budget Performance Report for Abbott Health Company Actual Flexible FU Flexible Budget Sales Budget Volume 3 Variance Variance 4 5 6 7 8 Total Variable Costs 9 Contribution Margin 10 11 Net Operating Income 12 13 Part 2: Calculate Total Static Budget Variance, Flexible Budget Variance, and Sales Volume Variance. 74 15 Total Static Budget Variance 16 17 18 19 20 21 22 23 Total Flexible Budget Variance Total Sales Volume Variance 24 Part 3: Calculate Direct Materials Price and Efficiency Variances Flexible Badget 25 Actual Costs Incurred Actual Input QtX Budgeted Price 26 27 28 Direct Materials 29 30 Price Variance Efficiency Variance 31 32 33 Flexible Budget Variance 34 35 Part 3: Calculate Direct Manufacturing Labor Price and Efficiency Variances 36 37 38 Actual Costs Incurred Actual Input QtX Budgeted Price 39 40 41 Direct Manufacturing Labor 42 43 Price Variance Efficiency Variance Flexible Budget 45 46 47 Flexible Budget Variance