Flexible Budget Variance Actual Flexible Budget Amount F /U Actual Volume of Product Produced and Sold Sales Revenue Direct Materials: Elastic Cording Letter Beads Colorful Beads Direct Labor Variable Overhead Total Variable Costs Contribution Margin Fixed Overhead: Facility Rent Equipment Depreciation Indirect Labor Total Fixed Costs Operating IncomeActual Results Master Budget No. of Hawklet Bracelets Sold 4.42? 3414 Sales Revenue ($10 per HawkletTM) $ 442700000 5 34,135.0000 Direct Materials: Elastic Cording 8 108.2480 8 61.4430 Letter Beads $ 214.2888 8 117.4244 Colorful Beads 15 ??.4725 $ 143.3670 Direct Labor $ 7.7029800 8 8.1443000 Variable Overhead ($00500 per HawkletTM) $ 221.3500 $ 170.0750 Total Variable Costs $ 8.322.31?3 8 8.8372094 Contribution Margin $ 35.941882? $ 27,497.?908 Fixed Overhead: Facili Rent $ 26250000 8 2.5000000 Equipment Depreciation 13 14.0000 $ 14.0000 Indirect Labor 8 18000000 8 18000000 Total Fixed Costs 13 44390000 8 4.3140000 Operating Income $ 31 .508882? $ 23,183.?908 Standard Price Standard Quantity Standard Costs for one HawkletTM are as follows: Elastic Cordin in centimeters 3 0.0018 10.0000 Letter Beads in beads 15 0.0043 8.0000 Colorful Beads (in beads) $ 0.0035 12.0000 Direct Labor (in minutes) 13 0.1500 12.0000 Actual Price Total Actual Quantity Records indicate the company purchased and used the following quantities at the following prices: Elastic Cordin in centimeters Letter Beads in beads Colorful Beads (in beads Direct Labor (in minutes) $ $ $ $ 0 .001 5 0.0044 0.0025 0.1582 T0.832.0000 48.697.0000 30.989.0000 48.697.0000