sec e cos7145 trann= at pationt stowa is the fillimief atratele. 1. Prepare a new contribution report fot April, in which. - The satie bedect column in the contribution report is replaced with a flexible budget columnt. - The variances in the coniributon report ure recompuled as the difference between the flesible budget and actual coltarnzix. 2. What is the total coatribution margin in the flexible budget column of the new report prepared tor requirement (1)? 3. Explain (i.., isterpect) the meaning of the tolal contribution margin ia the flexible budget colum of the new report ptepared for requitenent (1). 4. What is the total variance between the flexible budget coatribution marcin and the actual contribation margin in the new report prepared for requirement (1)? Explain this total coatribution margin variance by computing the following variances. (Assume that all materials are used in the manth of purchase.) a. Direct-material price var iance. b. Direct-material quantity variance. c. Direct-labot rate varunce, d. Direct-lahor efficiency variance. e Variable-overhead spending variance. f. Variable-overthead efficiency variance. B. Sales-price variance, sec e cos7145 trann= at pationt stowa is the fillimief atratele. 1. Prepare a new contribution report fot April, in which. - The satie bedect column in the contribution report is replaced with a flexible budget columnt. - The variances in the coniributon report ure recompuled as the difference between the flesible budget and actual coltarnzix. 2. What is the total coatribution margin in the flexible budget column of the new report prepared tor requirement (1)? 3. Explain (i.., isterpect) the meaning of the tolal contribution margin ia the flexible budget colum of the new report ptepared for requitenent (1). 4. What is the total variance between the flexible budget coatribution marcin and the actual contribation margin in the new report prepared for requirement (1)? Explain this total coatribution margin variance by computing the following variances. (Assume that all materials are used in the manth of purchase.) a. Direct-material price var iance. b. Direct-material quantity variance. c. Direct-labot rate varunce, d. Direct-lahor efficiency variance. e Variable-overhead spending variance. f. Variable-overthead efficiency variance. B. Sales-price variance