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please answer 9, 10 ,11,12 8) Teecorp Company uses a flexible budget for its indirect manufacturing costs. For 2015, the company anticipated that it would

please answer 9, 10 ,11,12image text in transcribedimage text in transcribed

8) Teecorp Company uses a flexible budget for its indirect manufacturing costs. For 2015, the company anticipated that it would produce 27,000 units with 4,800 machine-hours and 8,000 employee days. The costs and cost drivers were to be as follows: Fixed $45,000 12,000 Variable $0.75 12.00 6.00 0.25 5.00 Product handling Inspection Utilities Maintenance Supplies per unit per 100 unit batch per 100 unit batch per machine-hour per employee day 1,250 During the year, the company processed 26,500 units, worked 8,200 employee days, and had 4,850 machine-hours. The actual costs for 2015 were: Actual costs $65,000 16,200 2,220 2,850 39,900 Product handling Inspection Utilities Maintenance Supplies Required: a. Prepare the static budget using the overhead items above and then compute the static-budget variances b. Prepare the flexible budget using the overhead items above and then compute the flexible-budget variances 9) Should a company with high fixed costs and unused capacity raise selling prices to try to fully recoup its costs? 10) List and briefly describe the six steps in estimating a cost function under quantitative analysis. 11) Explain what revenues and costs are relevant when choosing among alternatives 12) Define engineered and discretionary costs and give two examples of each 9) Should a company with high fixed costs and unused capacity raise selling prices to try to fully recoup its costs? 10) List and briefly describe the six steps in estimating a cost function under quantitative analysis

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