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thank you :) A designer will begin making swim suits. Each suit is expected to sell for $75. The budgeted labor cost per suit is

thank you :)

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A designer will begin making swim suits. Each suit is expected to sell for $75. The budgeted labor cost per suit is estimated to be $15, and the direct material per suit will be $10. Fixed overhead is estimated to be $5,000 per season. Packaging costs are budgeted to be $2.50 per suit sold and sales commission will be $4 per suit. During her first season, the designer reports the following: 200 suits were sold for $14,500; materials were $1,900, the labor cost was $3,200. Fixed overhead costs amounted to $5,100, packaging costs were $375, and sales commissions were $180. Please fill in the following chart for the flexible budget and variances. For variances, don't show + or - signs, but do show U for unfavorable and F for favorable Flex Budget Actual Var Revenue $14,500 DM 1,900 DL 3,200 OH 5,100 Sales Commission 1,000 Packaging 480 Net income $2,820

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