Quiz 4:Cashflow, Investment Mathematics & Costing Additional Information provided This paper Consists of 8 Questions, and one Bonus Question Question 1-4 can be done with the use of excel and is short questions. They are in UTSOnline for you. (4 Marks) Question 5- 8 are calculation based questions and below is the question and what needs to be calculated as per UTSOnline input (10,4,4,8 Marks respectively) Notices for UTSOnline: You need to round up to the 2 decimals, in your answers e.g. 4.25685 should be denoted as 4.26 Numbers should be denoted in the following format xx,xxx e.g. 35,000.00 (note the comma and the .xx cents) Percentages should be rounded to the nearest full number eg. 42.59% should be denoted as 43% Variances should be denoted as whole numbers with F (for favourable) and U (for Unfavourable) e.g. 37000 favourable should be shown as 37,000F Question 5 In a production company that produces 8,000 units: Actual cost of materials $12.00 per unit Budgeted cost of materials $12.50 per unit Actual hourly cost for labour $15.50 per hour Budgeted hourly labour cost $15.00 per hour Budgeted labour hours 31,500 hours Actual labour hours 31,500 hours Budgeted total materials per unit 19.5kg Actual total materials per unit 21.5kg Required Actual Price Var Flexible Budg Eff Var Budget Total Material aty Price Total Material [fl Labour aty Price Total Labour il Total Variance Variances should be shown as whole numbers with F(for favourable) and U (for Unfavourable), eg. 37000 favourable should be shown as 37,000F