Please answer all 4 questions. You can add answers in the comments. Thanks

As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the yearjust ended. You obtain the following information that pertains to the company's sole product: Master (Static) Actual Budget Units sold 35,999 49,999 Sales $382,666 5 468,668 Variable costs 212,896 272,688 Fixed costs 142,568 137,686 Required: 1. What was the actual operating income for the period? 2. What was the company's master (static) budget operating income for the period? 3. (a) What was the total master (static) budget variance, in terms of operating income, for the period? (b) Is this variance favorable (F) or unfavorable (U)? (Note. The total master (static) budget variance is also referred to as the total operating income variance for the period.) (If a variance has no amount, select "None" in the corresponding dropdown cell.) 4. The total master (static) budget variance for a period can be decomposed into a total flexible-budget variance and a sales volume variance. (a) What was the total flexible-budget variance for the period? (b) Was this variance favorable (F) or unfavorable (U)? (c) What was the sales volume variance for the period? (d) Was this variance favorable (F) or unfavorable (U)? (Do not round your intermediate calculations. If a variance has no amount, select "None" in the corresponding dropdown cell.) Actual operating income Master budget operang inoome Total master budget variance Total exiblebudget variance Sales volume variance Skipped At a recent seminar you attended, the invited speaker was discussing some of the advantages and disadvantages of standard costs in terms of evaluating performance and motivating goal-congruent behavior on the part of employees. One criticism of standard costs in particular caught your attention: The use of conventional standard costs may not provide appropriate incentives for improvements needed to compete effectively with world-class organizations. The speaker then discussed socalled continuous-improvement standard costs. Such standards embody systematically lower costs over time. For example, on a monthly basis, it might be appropriate to budget a 1.0% reduction in per-unit direct labor cost. Assume that the standard wage rate into the foreseeable future is $27 per hour. Assume, too, that the budgeted labor-hour standard for October of the current year is 1.80 hours and that this standard is reduced each month by 2%. During December of the current year the company produced 9,400 units of XL-lO, using 16,300 direct labor hours. The actual wage rate per hour in December was $32.00. Required: 1. Prepare a table that contains the standard labor-hour requirement per unit and standard direct labor cost per unit for the 4 months, October through January. 2. Compute the direct labor efficiency variance for December. Was this variance favorable (F) or unfavorable (U)? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor efciency variance for December. Was this variance favorable (F) or unfavorable (U)? (Round your nal answer to nearest whole dollar amount.) Required information [The following information applies to the questions displayed below] Tastyfreeze Company is a small producer of fruit-flavored frozen desserts. For many years, its products have had strong regional sales because of brand recognition; however, other companies have begun marketing similar products in the area, and price competition has become increasingly important. Dan O'Mara, the company's controller, is planning to implement a standard cost system for Tastyfreeze and has gathered considerable information from his coworkers about production and materials requirements for Tastyfreeze's products. Dan believes that the use of standard costs will allow the company to improve cost control, make better pricing decisions, and enhance strategic management. Tasty'freeze's most popular product is raspberry sherbet. The sherbet is produced in 10-gallon batches, each of which requires 4 quarts of good raspberries and 10 gallons of other ingredients. The fresh raspberries are sorted by hand before they enter the production process. Because ofimperfections in the raspberries and normal spoilage, 1 quart of berries is discarded for every 4 accepted. The standard direct labor time for sorting to obtain 1 quart of acceptable raspberries is 6 minutes. The acceptable raspberries are then blended with the other ingredients; blending requires 18 minutes of direct labor time per batch. After blending, the sherbet is packaged in quart containers. Dan has gathered the following price information: . Tastyfreeze purchases raspberries for $8 per quart. All other ingredients cost $3.60 per gallon. - Direct labor is paid at the rate of $24 per hour. - The total packaging cost (labor and materials) for the sherbet is $0.80 per quart. Required: 1. Develop the standard cost for the direct cost components of a 'IOgallon batch of raspberry sherbet. For each direct cost component, the standard cost should identify the following: (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. Standard quantity. b. Standard rate (or price). c. Standard cost per 10-gallon batch. Direct materiais: Raspberries qts. r = $ 0.00 Other ingredients gai : = 0.00 $ 0.00 Direct labor: Sorting ( x qts.) x = Blending x = 0.00 Packaging qts. x = 0.00 ((2) Standard cost per 10-gallon batch $ 0.00 6 Required information [The following information applies to the questions displayed below] As part of its comprehensive planning and control system, Mopar Company uses a master budget and subsequent variance analysis. You are given the following information that pertains to the company's only product, XL-iO, for the month of Dece m ber. Required: 1. Using text Exhibit 14.4 as a guide, complete the missing parts of the following prot report for December. 2. Based on your completed profit report. determine the dollar amount, and label (Favorable or Unfavorable) each of the following variances for December: a. Total master (static) budget variance (also referred to as the total operating income variance for the period). b. Total flexible-budget variance. c. Sales volume variance, in terms of operating income. d. Sales volume variance, in terms of contribution margin. e. Selling price variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 2. Based on your completed prot report, determine the dollar amount, and label (Favorable or Unfavorable each of the following variances for December: (If a variance has no amount, select "None" in the corresponding dropdown cell.) a. Total master (static) budget variance (also referred to as the total operating income variance for the period). b. Total exible-budget variance. c. Sales volume variance, in terms of operating income. d. Sales volume variance, in terms of contribution margin. e. Selling price variance. Total master (static) budget variance Total flexibie-budget variance .0 Sales volume variance, in terms of operating income d. Sales volume variance, in terms of contribution margin 9. Selling price variance ( Required 1 Required information [ The following information applies to the questions displayed below. ] As part of its comprehensive planning and control system, Mopar Company uses a master budget and subsequent variance analysis. You are given the following information that pertains to the company's only product, XL-10, for the month of December. Required: 1. Using text Exhibit 14.4 as a guide, complete the missing parts ofthe following prot report for December. 2. Based on your completed prot report, determine the dollar amount, and label (Favorable or Unfavorable) each of the following variances for December: a. Total master (static) budget variance (also referred to as the total operating income variance for the period). b. Total flexible-budget variance. c. Sales volume variance, in terms of operating income. cl. Sales volume variance, in terms of contribution margin. e. Selling price variance. Complete this quatian by entering your answers in the tabs below. Required 1 Required 2 Using text Exhibit 14.4 as a guide, complete the missing parts of the following prot report for December. (If a variance has no amount, select \"None" in the corresponding dropdown cell.) Unit sales 118,000 107,000 Sales $ 590,000 $ 535,000 Variable costs 448,400 321,000 Contribution margin :5 141,500 $ 214,000 Fixed costs 81,000 93,000 Operating income $ 60,500 $ 121,000 Required 2 >