Question 1 Brown Co. Income Statement Budget Uus sales volume, unit 3,000 per unit Sales 18.00 variable product 6.50 variable selling and admin 3.50 contribution margin 8.00 fixed product fixed variable selling and admin 0.70 Operating Income $ 5.30 Brown Co. is budgeting for next year. Their initial budget is shown above. 2.00 If they wish to budget for 5,000 units, what would the new budgeted profit be? Question 2 Tipper Co. makes organic fertilizer sold in one pound bags for the chef/gardener market. The standard material is 17 ounces per bag of assorted meal at a cost of $0.69 per ounce. Tipper Co. budgeted to make 65,000 bags but due to high demand, they ended up making 80,000 bags. They paid $42,000 for 60,000 ounces of meal and used all in production during the period. What is their material cost variance for this period? Enter a favorable variance is a positive number and an unfavorable variance as a negative number. Question 3 Johnson Co. makes organic non-GMO vegetable seed packets for the chef/gardener market. The standard material is 0.69 ounces per seed packet at a cost of $0.66 per ounce. Johnson Co. budgeted to make 65,000 seed packets but due to high demand, they ended up making 74,000 packets. They paid 552,000 for 60,000 ounces of seed and used all but 2,000 ounces of this purchase in production during the period. What is their material efficiency variance for this period? Enter a favorable variance is a positive number and an unfavorable variance as a negative number