NEED HELP WITH THESE TWO ACCY PROBLEMS. thank you.
1. Fixed Budgets, Flexible Budgets and the Flexible Budget Performance Report: Yato Inc. reports the following information for May 2020. Budgeted Actual Sales price $20 per unit $759,400 total Variable Costs $7 per unit $265,960 total Fixed Costs (total) $489,400 total $488,000 total Units produced and sold 40,000 37,500 a. Prepare a flexible budget for May 2020 at the following levels of activity: 30,000 units; 35,000 units; 40,000 units; 45,000 units. b. Prepare a 'Flexible Budget Performance Report' for May 2020 at the actual level of activity of 37,500 units, showing variances between the flexible budget (@37,500 units) and actual results at 37,500 units. List variable and fixed expenses separately, and indicate variances as favorable (F) or unfavorable (U). c. Calculate the Sales Price Variance for May 2020. Indicate whether this variance is favorable (F) or unfavorable (U).4. Overhead {OH} Variances: Better Than That Co. provided the following information regarding Factory Overhead (OH} from its flexible 0H budget. The company has an operating capacity of 20,000 units and expects to operate at 75% of its productive capacity (i.e. at 15,000 units, which is 75%*20,000): m m m m 52% During the current month, the company actually operated at 80% capacity and actually used 23,800 DL hours to produce 16,000 units. The following actual overhead costs were incurred: Actual Variable OH: $1 17,400 Actual Fixed 0H: $39,000 Actual Total 0H: $156,400 a. Calculate the predetermined standard 0H rate per DL hour for: i. Variable OH ii. Fixed 0 H iii. Total OH b. Calculate the Variable 0H Cost Variance. Indicate whether this variance is favorable {F} or unfavorable [U]. c. Calculate the Fixed 0H Volume Variance. Indicate whether this variance is favorable [F] or unfavorable [U]. d. Calculate the Fixed 0H Cost Variance. Indicate whether this variance is favorable [F] or unfavorable (U). e. Calculate the Total 0H Cost Variance. Indicate whether this variance is favorable {F} or unfavorable {U}