question 26. please explain to me step by step. . i am so lost the flexible budget. please show me why is that answer . ( dont post other people work ). thank you

UPTER 7 FLEXGELE BUDGETS DIRECT-OOST VABANCES AND MANAGEMENT CONTROL 7-25 Flexible-budget and sales volume variances. Cascade, Ing., produces the basic fillings many popular frozen desserts and treats vanilla and chocolate ice creams, puddings, meringues, fudge Cascade uses standard costing and carries over no inventory from one month to the next the cream product group's results for June 2017 were as follows: Home 1 Peer Layout Formular Data Performance Report, June 2017 Actual Results Static Budget 460,000 447.000 $2,626,600 $2,592,600 1,651,400 1,564,500 $ 975 200 $1,028 100 2 3 Units (pounds) 4 Revenues 5. Variable manufacturing costs 6 Contribution margin Jeff Geller, the business manager for ice-cream products, is pleased that more pounds of ice crow sold than budgeted and that revenues were up. Unfortunately, variable manufacturing costs we up, too. enues of $2,592,600. Overall, Geller feels that the business is running fine. The bottom line is that contribution margin declined by $52,900, which is just over 2% of the bud, bed rev. 1. Calculate the static-budget variance in units, revenues, variable manufacturing costs, and contribu- tion margin. What percentage is each static-budget variance relative to its static-budget amount? 2. Break down each static-budget variance into a flexible-budget variance and a sales-volume variance, 3. Calculate the selling price variance. 4. Assume the role of management accountant at Cascade. How would you present the results to Jett Geller? Should he be more concerned? If so, why? 7-26 Price and efficiency variances. Sunshine Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 14,750 pounds of pumpkin at $0.92 a pound. Actual purchases and usage for January 2017 were 16,000 pounds at 50.85 a pound. Sunshine budgeted for 59,000 pumpkin scones. Actual output was 59,200 pumpkin scones. 1. Compute the flexible-budget variance. 2 Compute the price and efficiency variances. 3. Comment on the results for requirements 1 and 2 and provide a possible explanation for them. 7-27 Materials and manufacturing labor variances. Consider the following data collected for Grea Homes, Inc.: Cost incurred: Actual inputs X actual prices Actual inputs x standard prices Standard inputs allowed for actual output x standard compute the price, efficiency, and flexible-budget varian -28 Direct materials and direct manuts tures fleece quarter-zip jackets. It sel Direct Direct Materials Manufacturing Lab $200,00 $90,000 2 86,000 80,000 ect manufacturing la Inc., de es and m