Help with number 1B? Portion A is covered

Question 1 You are the management accountant for the Buckland Bicycle Company, a manufacturer of high-quality bicycles. During the month of April. the company made and sold 416 bicycles at $849 each. and it made a loss for the month of $352. This is disappointing as it is signicantly worse than the prot of $32,000 that was budgeted for the month. You know that the actual costs were as follows: 5 Frames 112,320 (each bicycle requires 1 frame) Components 120.640 (each bicycle requires 1 each of various components) Assembly Labour 56.576 (6,656 hours were worked) Fixed Overheads 64,000 You are due to see the managing director in order to discuss April's results. but you have just found that you have lost your piece of paper on which was written the original budget. All you have is your list of variances. which are calculated correctly as follows: 5 Sales price variance 21,216 (A) Sales volume variance 3.680 (F) Frame price variance 8,320 (A) Frame quantity variance 0 (A) Components price variance 4,160 (F) Components quantity variance 0 (A) Labour rate variance 3.328 (A) Labour efciency variance 3.328 (A) Fixed overheads variance 4,000 (A) The company operates a marginal standard costing system. with direct labour treated as a variable cost. Requirement: A) Calculate the original budget for April, showing all relevant details. B) Discuss briey what is required in order that effective control can be achieved by using post-event variances