parts a-e are complete. please provide answers for parts e,f, and g based on the completed information in parts a-e.

(a) Prepare a standard cost card for a widget. (b) Prepare an flexible budget performance report comparing actual production/sales to a flexible budget of such sales/costs (Like #2 on the top of page 842 in our text) (e) Prepare the direct material variances (price and efficiency/quantity) for each material (d) Prepare the direct labor variances (price/rate and efficiency) (e) Prepare the Variable (spending & efficiency) and Fixed FOH (budget/spending & volume) variances. (refer to the appendix for the factory overhead variances) () What should management be looking into for further investigation? (8) Do you think they should have waited until the end of the quarter to analyze the differences between actual results and planned results? Why or why not? (h) Is FOH over or underapplied? And by how much? Draw a T-account and show FOH. Does your answer match with the answers you calculated for Variable and Fixed FOH variances? a. Standard Cost Card Quantity Cost Total Direct Material WHAM Direct Labor Factory Overhead 3 0.80 X X 1.8 13 2.25 5.40 10.40 1.80 0.80 $ Total Cost (Variable: 1.50, Fixed: 0.45) 17.60 b. Actual Flexible Production Budget and Sales 40,000 40,000 $ 2,400,000 $ 2,368,000 Flexible Budget Variance Units Sales 32,000 Unfavorable Variable Costs: $ 216,000 $ 222,555 $ 416,000 $ 470,000 $ 48,000 $ 47,000 $ 320,000 $ 322,000 $ 45 6,555 Unfavorable 54,000 Unfavorable 1,000 Favorable 2,000 Unfavorable $ Direct Materials WHAM Direct Labor Variable FOH Variable S&A Interest Expense Contribution Margin Fixed Costs - FOH Fixed Costs - S&A $ 1,400,000 $ 1,306,400 . 5 5 7 B 29 30 31 32 93,600 Unfavorable $ 22,350 $ 393,000 $ 19,700 $ 396,000 2,650 Favorable 3,000 Unfavorable Operating Income $ 984,650 $ 890,700 93,950 Unfavorable c. Direct Material WHAM (AQ X AP) (120,300x 1.85) 222,555 Price 6,015 U (AQ SP) (SQX SP) (120,300x 1.8 (120,000x 1.8 216,540 216,000 Quantity/Efficiency 540 U U U 6,015 540 6,555 U Price Efficiency Total Totals d. Direct Labor (AHX AR) (40,000x 11.75) 470,000 (AHX SR) (30,000x 13) 390,000 (SHX SR) (32,000x 13) 416,000 Price/Rate 80,000 U Totals 80,000 Price Efficiency 26,000 F 26,000 54,000 Efficiency Total 5 7 U 8 e Variable FOH Actual 1.5 47,000 (AHX SR) (SHX SR) (30,000x 1.5) 32,000 45,000 48,000 Spending Efficiency 2,000 3,000 F U U F Totals 2,000 3,000 1,000 F Spending Efficiency Total Fixed FOH Actual Budgeted Overhead 5 19700 07 70 70 22350 Budget/Spending 2650 Applied Overhead (SHX Standard fixed rate) 32,000 0.45 14400 Volume 7950 U Total fixed a U F 5300