JACK Co manufactures delicious barbeque sauce. Mr. Clifford, JACK's CEO, is trying to understand last quarter's variances and has asked you to prepare a flexible budget for JACK's product costs. JACK has the following standards to manufacture one bottle of sauce, and allocates overhead based on the machine hours used. Standard Quantity Standard Price Standard Cost Direct Materials 2 ounces $ 0.45 per ounce $ 0.90 0.25 labor hours $ 10.00 per labor hour 2.50 Variable MOH 0.10 machine hours $ 3.60 per machine hour Total Variable Cost per Bottle $ 3.76 Direct Labor 0.36 Which of the above amounts is JACK's predetermined overhead rate? $ Prepare JACK's flexible budget based on actual production by completing the table below. Actual Production Flexible Budget Master Budget Bottles of Sauce Produced 24,400 bottles 25,000 bottles bottles Direct Materials $ 21472 $ 22,500 $ Which of the above amounts is JACK's predetermined overhead rate? $ Prepare JACK's flexible budget based on actual production by completing the table below. Actual Production Flexible Budget Master Budget Botties of Sauce Produced 24,400 bottles 25,000 bottles bottles $ Direct Materials $ 21.472 $ 22,500 $ Direct Labor $ 63,440 $ $ 62,500 $ Variable MOH $ 8.784 $ 9,000 $ $ Fixed MOH $ 155,200 $ 150,000 $ Total Product Costs $ 248,896 $ 244,000