Timmer Bachman founded the Bachman corporation over 25 years ago. The company's generals was spurred by the unique climbing apparatus developed by Timmer, an avid mountaineer. Bachman Corporation has continued to produce that first product, but it has now diversified into other outdoor activity equipment as well. In fact, the vast majority of the company's revenues are now accounted for by sales of nonclimbing products. Timmer is considered whether his company should continues producing and selling some of its oldest products, all of which relate to mountain climbing. To begin his decision making process, Timmer has asked the company's controller, Marin Himnsey, to accumulate data on the original locking container that set the company on its way. Accordingly, Marie accumulated the follow data for last year: Budgeted production and sales: 5,000 carabineers. Actual production and sales: 6,000 carabineers. The standard for a carabineer requires 1.5 ounces of material at a budgeted cost of 11.52 per ounce and two hours of assembly and testing time at a cost of $112.50 per hour. The carabineer sells for $32 each. Actual production costs for the 6,000 carabineers totaled $12, 900 for 8, 400 ounces of materials and $161, 700 for 13, 200 labor hours. If required, round your answers to two decimal places. Enter all amounts as positive numbers. Do not round your intermediate calculations. What was the budgeted contribution margin per carabineer? What was the actual contribution margin per carabineer? What was Bachman's flexible budget variance? What was Bachman's direct material price variance? What was Bachman's direct material usage variance? What was Bachman's direct labor rate variance? What was Bachman's direct labor efficiency variance? What would the sales price variance be if each carabineer sold for $3.3? On the basis of the available information, should Bachman continue making the carabineer? The input in the box below will not be graded, but may be reviewed and considered by your instructor. Timmer Bachman founded the Bachman corporation over 25 years ago. The company's generals was spurred by the unique climbing apparatus developed by Timmer, an avid mountaineer. Bachman Corporation has continued to produce that first product, but it has now diversified into other outdoor activity equipment as well. In fact, the vast majority of the company's revenues are now accounted for by sales of nonclimbing products. Timmer is considered whether his company should continues producing and selling some of its oldest products, all of which relate to mountain climbing. To begin his decision making process, Timmer has asked the company's controller, Marin Himnsey, to accumulate data on the original locking container that set the company on its way. Accordingly, Marie accumulated the follow data for last year: Budgeted production and sales: 5,000 carabineers. Actual production and sales: 6,000 carabineers. The standard for a carabineer requires 1.5 ounces of material at a budgeted cost of 11.52 per ounce and two hours of assembly and testing time at a cost of $112.50 per hour. The carabineer sells for $32 each. Actual production costs for the 6,000 carabineers totaled $12, 900 for 8, 400 ounces of materials and $161, 700 for 13, 200 labor hours. If required, round your answers to two decimal places. Enter all amounts as positive numbers. Do not round your intermediate calculations. What was the budgeted contribution margin per carabineer? What was the actual contribution margin per carabineer? What was Bachman's flexible budget variance? What was Bachman's direct material price variance? What was Bachman's direct material usage variance? What was Bachman's direct labor rate variance? What was Bachman's direct labor efficiency variance? What would the sales price variance be if each carabineer sold for $3.3? On the basis of the available information, should Bachman continue making the carabineer? The input in the box below will not be graded, but may be reviewed and considered by your instructor