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please answer both parts. thank you so much in advance. Saved 1 Panorami produces small drones. The company's forecasted sales units for January, February March
please answer both parts. thank you so much in advance. Saved 1 Panorami produces small drones. The company's forecasted sales units for January, February March April and May are as follows: 420, 400, 472, 432, and 500 respectively. The company's finished goods inventory policy is 30% of next month sales. Each drone includes 2 LED lights, which cost $15 each. Each drone unit requires 3 direct labor hours. The company's hourly labor rate is $21 per hour. The company's variable overhead is $10 per unit produced. The fixed overhead is $6,100 per month. Use the information presented to complete the requirements. Required: 1. Determine Panorami's budgeted manufacturing cost per drone. (Note: assume that fixed overhead per unit is $20.75) 2. Determine the company's budgeted cost of goods sold for January and February 00:37:18 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Galactic's budgeted manufacturing cost per drone. (Note:assume that fixed overhead per unit is $20.75.) (Round your answer to 2 decimal places.) Manufacturing cost per unit Required 2 > Saved Mission Corp. uses a standard cost system. Variable overhead is applied using direct labor hours. Standards allowed for each unit are 2.8 hours of labor at a variable overhead rate of $10. During December, the company manufactured 2,250 units. Variable overhead incurred totaled $73,630. Direct labor payroll totaled $97790 for 7110 hours worked. a. Calculate the variable overhead rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) Rate Variance b. Calculate the variable overhead efficiency variance. (Indicate the effect of variance by selecting "Favorable": "Unfavorable or "None" for no effect i.e., zero variance).) Efficiency Variance SpinMi Corp. uses a standard cost system. Standards are 4.0 sheets of 12 inch nickel at $110 per sheet and 14.1 hours of labor at a standard wage rate of $13. During July, the company manufactured 610 units. Materials purchased and used totaled 2,580 sheets at a total cost of $271,550. Payroll totaled $113,000 for 8,780 hours worked. a. Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable". "Unfavorable", or "None" for no effect (l.e., zero variance).) Price Variance b. Calculate the direct materials quantity variance. (Indicate the effect of variance by selecting "Favorable "Unfavorable or "Mone" for no effect (.e., zero variance).) 9|Huy VH| HPC
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please answer both parts. thank you so much in advance.
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