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please help, need done ASAP, thanks. Mamy Wamare mall performance wortboard company shortly aher graduating from Xavier Ham makes com arounds for advanced and competitive
please help, need done ASAP, thanks.
Mamy Wamare mall performance wortboard company shortly aher graduating from Xavier Ham makes com arounds for advanced and competitive surfers the following ination relates to school and to production for Harry's company do 2021 STANDARD COSTS FOR ONE SURFBOARD ARE AS FOLLOWS: Dit material Poly blank core 5125.00 $125.00/board Fiberglass revin 1.25 pallons 560 gallon 575rboard Cel cargallon 580 gallon 540.00/surfboard Direct labor: 4 hou 10.00 hour $160,00/surfboard Variable manufacturing overhead 54.00/direct labor hour 5 16.00/surfboard Budgeted fixed manufacturing overhead: $175,000 per year Badgeted production and sales 600 surfboards Bugeted selling price $1,250/surfboard Other Information Budget Variable Selling and Administrative costs: Shipping $40 per surfboard Commissions (4% of selling price) $50 per surtboard Budgeted Fixed Selling and Administrative costs $120,000 per year The following actual results occurred during 2021 Actual units produced and sold - 575 units Actual selling price - $1,240.00/surfboard 750 gations of berglass resin were purchased posting $48,750 were purchased and 690 gallons were used in production 580 poly blank cores costing 575,400 were purchased and used in production 200 gallons of gel coat were purchased costing $22,620 were purchased and 276 gallons were used in production Direct labor cost for 2021 was $89,585 and 2,185 hours were worked during the year Actual manufacturing overhead costs incurred in 2021 were: Variable manufacturing overhead $ 9,545 Fixed manufacturing overhead 173.000 Total S182,545 Achaal Selling and administrative costs incurred in 2021 were: Shipping costs $ 24,150 Commissions $31.850 Fhed Selling and Administrative $ 98,000 REQUIRED Determine 1) Prepare a flexible profit plan in contribution margin format showing all revenues and costs for 2021 points) 2) Sales price variance (1 point) 3) Sales volume variance based on contribution margin (1 point) 4) Material price variance for fiberglass resin based on gallons purchased. I point) 5) Material quantity variance for fiberglass resin. (1 point) 6) Direct labor price variance. (I point) 7) Direct labor efficiency variance (point) 8) Variable manufacturing overhead flexible budget variance. (1 point) 9) Fixed manufacturing overhead budget variance. (I point) Mamy Wamare mall performance wortboard company shortly aher graduating from Xavier Ham makes com arounds for advanced and competitive surfers the following ination relates to school and to production for Harry's company do 2021 STANDARD COSTS FOR ONE SURFBOARD ARE AS FOLLOWS: Dit material Poly blank core 5125.00 $125.00/board Fiberglass revin 1.25 pallons 560 gallon 575rboard Cel cargallon 580 gallon 540.00/surfboard Direct labor: 4 hou 10.00 hour $160,00/surfboard Variable manufacturing overhead 54.00/direct labor hour 5 16.00/surfboard Budgeted fixed manufacturing overhead: $175,000 per year Badgeted production and sales 600 surfboards Bugeted selling price $1,250/surfboard Other Information Budget Variable Selling and Administrative costs: Shipping $40 per surfboard Commissions (4% of selling price) $50 per surtboard Budgeted Fixed Selling and Administrative costs $120,000 per year The following actual results occurred during 2021 Actual units produced and sold - 575 units Actual selling price - $1,240.00/surfboard 750 gations of berglass resin were purchased posting $48,750 were purchased and 690 gallons were used in production 580 poly blank cores costing 575,400 were purchased and used in production 200 gallons of gel coat were purchased costing $22,620 were purchased and 276 gallons were used in production Direct labor cost for 2021 was $89,585 and 2,185 hours were worked during the year Actual manufacturing overhead costs incurred in 2021 were: Variable manufacturing overhead $ 9,545 Fixed manufacturing overhead 173.000 Total S182,545 Achaal Selling and administrative costs incurred in 2021 were: Shipping costs $ 24,150 Commissions $31.850 Fhed Selling and Administrative $ 98,000 REQUIRED Determine 1) Prepare a flexible profit plan in contribution margin format showing all revenues and costs for 2021 points) 2) Sales price variance (1 point) 3) Sales volume variance based on contribution margin (1 point) 4) Material price variance for fiberglass resin based on gallons purchased. I point) 5) Material quantity variance for fiberglass resin. (1 point) 6) Direct labor price variance. (I point) 7) Direct labor efficiency variance (point) 8) Variable manufacturing overhead flexible budget variance. (1 point) 9) Fixed manufacturing overhead budget variance. (I point) Step by Step Solution
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