The following direct materials variance computations are incomplete: Question list K Price variance = ($? -$6) x 10,400 kg = $5,200 U Efficiency variance = (?-9,600 kg) x $6 = ?U Flexible budget variance = $? O Question 1 Requirement 1. Fill in the missing values and identify the flexible budget variance as favourable or unfavourable. Question 2 O Question 3 In the first computation the missing value is the at $ . (Round your answer to the nearest cent.) (Enter the amount as a positive number. Round your answers to the nearest whole number.) O Question 4 In the second computation the first missing value is the Vat kg. The second missing value is the at $ F. O Question 5 The flexible budget variance is $ . This variance is (Enter the amount as a positive number. Round your answers to the nearest whole number.)\fYoung Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company Question list K expected to incur the following: (Click the icon to view the beginning of the year information.) At the end of the year, the company had actually incurred the following: O Question 1 (Click the icon to view the ending of the year information.) Requirements 1. Compute Young's predetermined manufacturing overhead rate. O Question 2 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? O Question 3 O Question 4 Requirement 1. Compute Young's predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, and then calculate the rate. (Round your answer to the nearest whole dollar.) = Predetermined overhead rate O Question 5 per machine hour Requirement 2. How much manufacturing overhead was allocated to jobs during the year? O Question 6 Select the labels for the formula to calculate the overhead to be allocated, and then calculate the manufacturing overhead allocated. Manufacturing overhead allocated O Question 7X Beginning of the year information Manufacturing overhead cost . $ 742,500 Direct labour cost . . . . ! ! 1,300,000 Machine hours 82,500 hours Print DoneTrevor Cycles manufactures chainless bicycles. On March 31, Trevor Cycles had 309 bikes in inventory. The company's policy is that the ending inventory in any month must be 30% of the Question list K following month's expected sales. Trevor Cycles expects to sell the following number of bikes in each of next 4 months: (Click the icon to view the data.) Prepare a production budget for the second quarter with a column for each month and for the quarter. O Question 1 O Question 2 Trevor Cycles Production Budget O Question 3 For the Quarter ended June 30 Month April May June 2nd Quarter O Question 4 Unit sales Plus: Desired ending inventory O Question 5 Total needed Less: Beginning inventory Question 6 Units to produceYoung Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company Question list K Requirement 2. How much manufacturing overhead was allocated to jobs during the year? O Question 1 Select the labels for the formula to calculate the overhead to be allocated, and then calculate the manufacturing overhead allocated. Manufacturing overhead allocated O Question 2 Requirement 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? O Question 3 Complete the following table to determine the total manufacturing overhead costs. (Leave any unused cells blank.) O Question 4 O Question 5 Total manufacturing overhead O Question 6 Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Manufacturing overhead was by $. Requirement 4. Were the jobs overcosted or undercosted? By how much? O Question 7 Jobs were by $.X End of the year information Direct labour cost 1,190,000 Depreciation on manufacturing plant and equipment 566,500 Property taxes on plant 19,500 Sales salaries 24,000 Delivery drivers' wages 15,000 Plant janitors' wages 10,000 Machine hours 65,000 hours Print Done