Required information [The following information applies to the questions displayed below) Brodrick Company expects to produce 22,000 units for the year ending December 31. A flexible budget for 22,000 units of production reflects sales of $550,000; variable costs of $66,000, and fixed costs of $144,000 Assume that actual sales for the year are $655,500 (27,900 units), actual variable costs for the year are $113,900, and actual fixed costs for the year are $135,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable Unfavorable Contribution margin Required information [The following information applies to the questions displayed below) Park Co. is considering an investment that requires immediate payment of $29,480 and provides expected cash inflows of $9,100 annually for four years. Assume Park Co. requires a 8% return on its investments 1-a. What is the internal rate of return? (PV of $1. FV of $1. PVA of $1 and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) 1-b. Based on its internal rate of return, should Park Co. make the investment? Complete this question by entering your answers in the tabs below. Required 1A Required 10 What is the internal rate of return? Reques 1A Required 1B > Tercer reports the following for one of its products. Direct materials standard (3 lbs. @ $2 per lb.) Actual direct materials used (AQ) Actual finished units produced Actual cost of direct materials used $ 6 per finished unit 310,000 lbs. 70,000 units 3527,000 AQ - Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price Compute the direct materials price and quantity variances and classify each as favorable, unfavorable or no variance. Actual Cost Standard Cost