Strauss Table Company manufactures tables for schools. The company's operating budget for 20X9 includes these data: Budgeted number of tables Budgeted selling price per table 20,000 units $100 $64 $600,000 Budgeted variable costs per table Budgeted fixed costs for the year The company's actual results for 20X9 were Number of tables produced and sold 21,000 units Selling price per table Variable costs per table Fixed costs for the year $104 $60 $570,000 Required: Calculate static-budget variance, lexible budget variance, and sales-volume variance for operating income. Are they favorable or unfavorable? (Use contribution margin format of income statement.) Problem 1 (40 points) SSU Company makes two types of chairs, a hand-built lounge chair and a folding beach chair. The company had used a job-order costing system and applies overhead on the basis of direct labor hours. The company expects to produce 40,000 lounge chairs and 100,000 beach chairs next year. SSU Company has begun changing to an activity based ed the following results from the first-stage cost allocations for year's production: Estimated Overhead Cost Estimated and Actual Activity levels are same. Activity Lounge Chairs Beach Chairs Labor related Machine related Machine setups$730,000 $300,000 $450,000 100,000 DLH 30,000 MH 4,000 Setups 200,000 DLH 60,000 MH 1,000 Setups Total $1,480,000 Required: If the company is using ABC system, what is the overhead cost per unit for each product