This Quiz: 5 pts possible The Rohrman Shop (TRS) specializes in making fraternity and sorority tote bags for the college market. TRS produces bags in batch sizes of 93. For rush orders, TRS will produce smaller batches for an additional charge of $139 per setup. Budgeted and actual costs for the production process for 2020 are as follows: EL:(Click the icon to view the budgeted and actual costs.) Read the requirements. Data Table . X Requirement 1. What is the static budget number of setups for 2020? Static-Budget Determine the formula, then compute the static budget number of setups. Amounts Actual Results Number of bags produced 115,320 93,000 Static budget Average number of bags per setup 93 93 number of setups Hours to set up machines 5 5.2 Direct variable cost per setup-hour 27 $ 34 Requirement 2. What is the flexible-budget number of setups for 2020? Total fixed setup overhead costs 18,600 $ 21,500 Determine the formula, then compute the flexible-budget number of setups. Flexible budget i Requirements - X number of setups 1. What is the static budget number of setups for 2020? Requirement 3. What is the actual number of setups in 2020? 2. What is the flexible-budget number of setups for 2020? 3. What is the actual number of setups in 2020? Determine the formula, then compute the actual number of setups. 4. Assuming fixed setup overhead costs are allocated using setup-hours, what is the Actual predetermined fixed setup overhead allocation rate? number of setups 5. Does TRS's charge of $139 cover the budgeted variable overhead cost of an order? The budgeted total cost? 6. For direct variable setup costs, compute the price and efficiency variances. 7. For fixed setup overhead costs, compute the spending and the production-volume Requirement 4. Assuming fixed setup overhead costs are allocated using setup-hours, what is the predetermined fixed setup overhead allocation ra variances. First, determine the formula and compute the static budget number of hours. 8. What qualitative factors should TRS consider before accepting or rejecting a special order? Choose from any list or enter any number in the input fields and then continue to the next question. Print Done