please fill in blanks explain show calculations please

pter 7 - Variance analysis re working with a manufacturer under Boards Co. this company creates shop work benches from scratch. had the following forecasted and budgeted for the full 2017 year Sales in dollars $ 1,000,000 Selling price per unit $ 160 lumber pieces used per set 3 Cost for one unit of lumber $ 5 DLM per unit, $26 per 1.0 end on 2017, they knew the following Salesin dollars S Selling price per units lumber pieces used total) Cost for one unit of lumber $ DLS paid total, $25 per hours 600,000 150 15,000 6 140,000 Boards forgot to indicate quantity soldi Help! What is the budgeted a sold? oards does not know actual quantity soldi Help! What is the actual quantity sold? You remember from your university days, there is a middle step between "static" budget and actual budget and you first have to calculate the flexible revenue budget amount Boardshas no idea what to make of the differences between budgeted and actual revenue. What are the two main variances, and can you quantify? Are they Favorable? Unfavorable? Why? The materials boards uses for each set are classified as which type of expense? For this expense, please indicate the volume variance, price variance, efficiency variance, and flexible budget variance Remember to indicate favorable or unfavorable. explain why boards is efficient or inefficient did they use their materials as efficiently as they budgeted?) In regards to labor paid out to embly employees, we need to know that same variances (Volume, price, efficiency, flex). First step, we need to know DLH used! What is it? Boards forgot to indicate quantity soldHelpWhat is the budgeted Q sold? Budgeted Boards does not know actual quantity soldi Helpl What is the actual quantity sola? Qactual You remember from your university days, there is a middle step between "static" budget and actual budget, and you first have to calculate the flexible revenue budget amount hards has no idea what to make of the differences between budgeted and actual revenue What are the two main variances, and can you quantif? Are they Favorable? Unfavorable? Why? (2) Actual al flex Price variance static Volume variance Autu Actuals 5 vorableUnfavorable 1 price variances volume variances N/A NO The materials boards uses for each set are classified as which type of expense? For this expense, please indicate the volume variance, price variance, efficiency variance, and flexible budget variance Remember to indicate favorable or unfavorable Price variance efficiency variance Rex budget F TUF F ***SHOULD MATCHLOW Actual flex wati Volume variance A Materi OM OPO 5 - 5 VALUE Co Tere WAL ***SHOULD MATCH BELOW Actual Pe bude fex static rect Material 5 worable (unfavorable Muse Volume variance Actual Out OP WALDE 1 $ serunt Corte 5 UVALUE NUS) explain why boards is efficient or inefficient (did they use their materials as efficiently as they budgeted?) in regards to labor paid out to embly employees, we need to know that some variances (Volume, price, efficiency, flex) first step, we need to know DLH used! What is it? DH 16.00 Price variance U wiciency wrance ur es but OF ***SHOULD MATCH BELOW Volume arance Ac AN 5 5 BO SP pter 7 - Variance analysis re working with a manufacturer under Boards Co. this company creates shop work benches from scratch. had the following forecasted and budgeted for the full 2017 year Sales in dollars $ 1,000,000 Selling price per unit $ 160 lumber pieces used per set 3 Cost for one unit of lumber $ 5 DLM per unit, $26 per 1.0 end on 2017, they knew the following Salesin dollars S Selling price per units lumber pieces used total) Cost for one unit of lumber $ DLS paid total, $25 per hours 600,000 150 15,000 6 140,000 Boards forgot to indicate quantity soldi Help! What is the budgeted a sold? oards does not know actual quantity soldi Help! What is the actual quantity sold? You remember from your university days, there is a middle step between "static" budget and actual budget and you first have to calculate the flexible revenue budget amount Boardshas no idea what to make of the differences between budgeted and actual revenue. What are the two main variances, and can you quantify? Are they Favorable? Unfavorable? Why? The materials boards uses for each set are classified as which type of expense? For this expense, please indicate the volume variance, price variance, efficiency variance, and flexible budget variance Remember to indicate favorable or unfavorable. explain why boards is efficient or inefficient did they use their materials as efficiently as they budgeted?) In regards to labor paid out to embly employees, we need to know that same variances (Volume, price, efficiency, flex). First step, we need to know DLH used! What is it? Boards forgot to indicate quantity soldHelpWhat is the budgeted Q sold? Budgeted Boards does not know actual quantity soldi Helpl What is the actual quantity sola? Qactual You remember from your university days, there is a middle step between "static" budget and actual budget, and you first have to calculate the flexible revenue budget amount hards has no idea what to make of the differences between budgeted and actual revenue What are the two main variances, and can you quantif? Are they Favorable? Unfavorable? Why? (2) Actual al flex Price variance static Volume variance Autu Actuals 5 vorableUnfavorable 1 price variances volume variances N/A NO The materials boards uses for each set are classified as which type of expense? For this expense, please indicate the volume variance, price variance, efficiency variance, and flexible budget variance Remember to indicate favorable or unfavorable Price variance efficiency variance Rex budget F TUF F ***SHOULD MATCHLOW Actual flex wati Volume variance A Materi OM OPO 5 - 5 VALUE Co Tere WAL ***SHOULD MATCH BELOW Actual Pe bude fex static rect Material 5 worable (unfavorable Muse Volume variance Actual Out OP WALDE 1 $ serunt Corte 5 UVALUE NUS) explain why boards is efficient or inefficient (did they use their materials as efficiently as they budgeted?) in regards to labor paid out to embly employees, we need to know that some variances (Volume, price, efficiency, flex) first step, we need to know DLH used! What is it? DH 16.00 Price variance U wiciency wrance ur es but OF ***SHOULD MATCH BELOW Volume arance Ac AN 5 5 BO SP