Required information [The following information applies to the questions displayed below) Brodrick Company expects to produce 20,500 units for the year ending December 31. A flexible budget for 20,500 units of production reflects sales of $533,000; variable costs of $61,500, and fixed costs of $142,000 If the company instead expects to produce and sell 26,400 units for the year, calculate the expected level of income from operations, Flexible Budget a -Flexible Budge. Variable Amount Total Fixed Cost 20,500 units 26.400 units per Unit Sales Contribution margin Tercer reports the following for one of its products. Direct materials standard (3 lbs. @ $2 per lb.) Actual direct materials used (10) Actual finished units produced Actual cost of direct materials used $ 6 per finished unit 260,000 lbs. 70,000 units $455,000 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 The following Information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 62,000 $ 15 $ 13 63, 100 AH - Actual Hours SH - Standard Hours AR - Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the perlod and classify each as favorable, unfavorable or no varlance, Actual Cost Standard Cost