following information for March 2023. a. b. Sales Variable Costs Fixed Costs (total) Units produced and sold Budgeted $25 per unit $11 per unit $108,650 total 12,000 Actual $280,000 total $125,000 total $108,000 total 11,500 Prepare a flexible budget for March 2023 at the following levels of activity: 11,000 units; 12,000 units; 13,000 units. (1.5pts) Prepare a 'Flexible Budget Performance Report' for March 2023 at the actual level of activity of 11,500 units, showing variances between the flexible budget (@11,500 units) and actual results at 11,500 units. List variable and fixed expenses separately, and indicate variances as favorable (F) or unfavorable (U). (1.5pts) c. Calculate the Sales Price Variance for March 2023. Indicate whether this variance is favorable (F) or unfavorable (U). (0.5pts) a. b. C. YaHo, Inc. reports the 2. Direct Materials (DM) Variances (1.5pts; 0.5pts each variance): Honest Joe, Corp. has set the following standards for direct materials (DM) costs per unit for the good it manufactures: Standard Quantity: 1.8 kg per unit Standard Price: $6.00 per kg During the month of February 2023, the firm incurred the following actual DM costs to produce 10,000 units: Actual Total Quantity: 18,800 total kg Actual Total DM Cost: $111,860 Calculate the DM cost variance. Indicate whether this variance is favorable (F) or unfavorable (U). Calculate the DM price variance. Indicate whether this variance is favorable (F) or unfavorable (U). Calculate the DM quantity variance. Indicate whether this variance is favorable (F) or unfavorable (U). 3. Direct Labor (DL) Variances (1.5pts; 0.5pts each variance): Beautiful Beaches, Ltd. has set the following standards for direct labor (DL) costs per unit for the good it manufactures: Standard Hours: 0.75 DL hours per unit Standard Rate: $20 per DL hour During the month of March 2023, the firm incurred the following actual DL costs to produce 25,000 units: Actual total Hours: 19,000 total DL hours Actual total DL cost: $370,500 a. Calculate the DL cost variance. Indicate whether this variance is favorable (F) or unfavorable (U). Calculate the DL rate variance. Indicate whether this variance is favorable (F) or unfavorable (U). c. Calculate the DL efficiency variance. Indicate whether this variance is favorable (F) or unfavorable (U). b. 4. Overhead (OH) Variances (3.5pts): Better Than That Co. provided the following information regarding Factory Overhead (OH) from its flexible OH budget. The company has an operating capacity of 50,000 units and expects to operate at 70% of its productive capacity (i.e. expects to operate at 35,000 units, which is 70% *50,000): Flexible OH Budget: Budgeted output (units) Budgeted DL hours Budgeted OH: Variable OH Fixed OH Actual Variable OH: Actual Fixed OH: 60% $119,000 $170,000 30,000 24,000 DLh $78,000 $168,000 Operating Levels (% of capacity) 70% 80% 35,000 28,000 DLh $91,000 $168,000 40,000 32,000 DLh $104,000 $168,000 90% 45,000 36,000 DLh During the current month, the company actually operated at 80% capacity and actually used 34,000 DL hours to produce 40,000 units. The following actual overhead costs were incurred: $117,000 $168,000 a. (0.5pts) Calculate the predetermined standard OH rate per DL hour for (HINT: remember to calculate these OH rates at the BUDGETED capacity): i. Variable OH ii. Fixed OH b. (0.5pts) Calculate the Variable OH Cost Variance. Indicate whether this variance is favorable (F) or unfavorable (U). c. (0.5pts) Calculate the Variable OH Spending Variance. Indicate whether this variance is favorable (F) or unfavorable (U). d. (0.5pts) Calculate the Variable OH Efficiency Variance. Indicate whether this variance is favorable (F) or unfavorable (U). e. (0.5pts) Calculate the Fixed OH Cost Variance. Indicate whether this variance is favorable (F) or unfavorable (U).