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Use the below budget data to answer questions #2-#10 Mozzie provides the following information about budgeted and actual activities, costs, and revenues from Mozzie's Movers.
Use the below budget data to answer questions #2-#10 Mozzie provides the following information about budgeted and actual activities, costs, and revenues from Mozzie's Movers. The information is from the prior year. Mozzie's two largest fixed overhead costs are his leases for a forklift and a box truck. This equipment is not used for all moving jobs, however, and Mozzie does track which jobs use this expensive equipment for how many days. Assume that VOH is allocated per DL hour. The only DM that Mozzie traces to each move/job/client is boxes, all other supplies (tape, packing paper, etc.) is treated as VOH. Budgeted Actual Revenue Moves/jobs 60 58 Total Revenue $357,255 $324,800 DL DL Hours DL Costs 7,200 $104,400 7,540 $98,020 DM Boxes Boxes Costs 1,320 $5,610 1,160 $4,872 VOH VOH Costs $68,400 $70,122 FOH Costs Other FOH Forklift (Lease) Forklift # Days Used Box Truck (Lease) Box Truck # Days Used $30,000 $20,160 84 $9,600 200 $29,000 $20,000 92 $9,900 225 Using the actual data, calculate the actual contribution margin ratio for Mozzie's Movers. Flag this Question Question 50.75 pts Calculate the direct material efficiency variance for the year (total, in dollars). Represent this variance as a positive number. Flag this Question Question 60.25 pts Is the direct material efficiency variance that you found above Favorable (F) or Unfavorable (U)? Group of answer choices Favorable Unfavorable Neither (zero variance) Flag this Question Question 70.75 pts Calculate the DL rate variance for the year (total, in dollars). Represent this variance as a positive number
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