Homework Accounting

The budget below was prepared for Joe Incorporated to its Mechag Deparment Direct materials bed Direct labor Variable Fixway overhead uverhead Budgoted Production (6.000 Units) $90,000 48.000 6.000 66,000 Actual Production (7,000 Units) $99.000 S5.200 9,000 64200 Required: A computo ille amounts that should be included lor sach of the following in a flexible budget prepared for a 7000-unit level of production (5 each) (1) Dinca mails 12) Drect labore (3) Voblo manufacturing overhead WAY Tired manufacturing overhand VB) Assume that a revised periormance report is prepared for the 7000-unit level of production using a flexible budget approach. Compute the cost varlances for each of the following and indicate whether each variance is favorable Fyonunfavocablo (u) (75 cuch) Diren materials (2) Direct labor