The directors of OFL is embarking on an expansion plan, and have obtained the following information relating to its existing XLB product line:

Xiao Long Bao Actual Expenses Variances Raw materials (excluding meat) 534,399.55 42,133.50 U Price (19,085.15) F Usage 23,048.35 U Total Flexible (32,326.80) F Activity (9,278.45) F Static Direct labour 57,350.00 Rate 3,410.00 U Efficiency 3,410.00 U Total Flexible (3,410.00) F Activity Static2020 Actual Xiao Long Bao Shop House Supermarket Total Average quantity (servings) 1,100 640 1,740 Number of days 310 310 310 Selling price per serving* $ 5.00 5.00 S 5.00 Direct materials per jar ($) 1.90 1.90 1.90 Revenue ($) 1,705,000 992,000 2,697,000 Less: Direct materials ($) 647,900 376,960 1,024,860 Direct labour ($) 36,256 21,094 57,350 Contribution margin 1,020,844 593,946 1,614,7902020 Master Budget Xiao Long Bao Average weight Total weight per Cost per Cost per day Cost per year Materials per XLB (grams) day (kilograms) kilogram (S) (S) (310 days) (S) Flour 1 11.1 2 22.20 6,882.00 Eggs and others 1 11.1 3 33.30 10,323.00 Meat 6 66.6 22 1,465.20 454,212.00 Vegetables 6 66.6 8 499.50 154,845.00 Others 9 99.9 12 1,198.80 371,628.00 Total 3,219.00 997,890.00 2020 Master Budget Xiao Long Bao Direct Total direct No. of servings Selling price ($) materials per material cost sold per serving Revenue serving {5) (5) Shop House 393,700 Supermarket 179,800 Total 573,500 5 5.00 2,867,500 1.74 997,890