I need help problem brief exercise 24-5

Brief Exercises Prepare static budget reprt BE24-1 For the quarter ended March 31, 2012, Meine Company accumulates the following (SO 2) sales data for its product, Garden-Tools: $310,000 budget: $304,000 actual. Prepare a static budget report for the quarter BE24-2 were $380,000, and actual sales were $383,000. Prepare a static budget report for the second quarter and for the year to date Data for Meine Company are given in BE24-1. In the second quarter, budgeted sales Prepare static budget report for 2 quarters (SO 2) Show usefulness of flexible BE24-3 In Giletto Company, direct labor is $20 per hour. The company expects to operate at budgets in evaluating 10,000 direct labor hours each month. In January 2012, direct labor totaling $203,000 is incurred in working 10,400 hours. Prepare (a) a static budget report and (b) a flexible budget report Evaluate the usefulness of each report. (SO 3) Myles Company expects to produce 1,200,000 units of Product XX in 2012. Monthly BE24-4 production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $8. Budgeted fixed manufac- turing costs per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manu facturing budget for the relevant range value using 20,000 unit increments Prepare a flexible budget for variable costs (So 3) Prepare flexible budget rep (sO 3) BE24-5 Data for Myles Company are given in BE24-4. In March 2012, the company in- curs the following costs in producing 100,000 units: direct materials $425,000, direct labor $590,000, and variable overhead $805,000. Prepare a flexible budget report for March. Were costs controlled? Prepare a responsibility report BE24-6 In the Assembly Department of Mantle Company, budgeted and actual manufacturing overhead costs for the month of April 2012 were as follows (So 5) Budget $15,000 20,000 10,000 5,000 Actual $14,300 20,600 10,750 5,000 Indirect labor Utilities All costs are controllable by the department manager. Prepare a responsibility report for April for the cost center Prepare a responsibility report for a profit center. (SO 6) BE24-7 Maris Manufacturing Company accumulates the following summary data for the year ending December 3, 2012, for its Water Division which it operates as a profit center: sales- $2,000,000 budget, $2.080,000 actual: vriable costs-$1,000,000 budget, $1,050,000 actual: and controllable fixed costs-S300,000 budget, $310,000 actual. Prepare a responsibility report for the Water Division