Use the following to answer questions $28-35$: STRAUSS CHAIR COMPANY $(22$ POINTS$)$

STRAUSS Chair Company manufactures and sells extremely comfortable wooden chairs, much like the one pictured below

They are in process of doing their budgeting process for the upcoming year. The following are the sales $($in units$)$ for the $4$ previous quarters

$\backslash$table$[[$Quarter $1,800$ units$],[$Quarter $2,1200$ units$],[$Quarter $3,1500$ units$],[$Quarter $4,1000$ units$]]$

For the upcoming year, unit sales for quarters $1$ and $2$ are expected to remain level with the previous year $3$ rd and $4$ th quarter sales are expected to rise by $10\%$ and $20\%$ respectively, versus the priot year Last year the chair sold for $$100$ which is expected to remain unchanged.

$18$ Budgeted sales for the current year as shown on the master budget will be: $(2$ pts$)$

$21.$ The flexible budget amounts used for evaluation will be:

Direct materials: $(2pts)$

weot $y$

Direct labor: $(2$ pts$)$

During the period, the company applied a new machinery maintenance program which it hoped would result in using less wood pieces in production $(4$ pts$)$

pirect infericl

Name of Variance related to above

$24$ New workstation design was used to hopefully result in a reduction in the time required to move chair parts from one part of the production floor to the various work stations. $(2$ pts$)$

The company anticipates beginning inventories of completed chairs of $150$ units. Ending inventory for the year is expected to rise to $250$ units. Budgeted production, in units will be: $(2nts$

The following standard cost card information is available

Wood purchased was the same as wood used.

$20.$ Aliens from the planet Zutron have kjenapped you and need to know what a "standard cost" is$.$ What's a standard cost, in plain English? $(2$ pts$)$

Stur ary cos y is the fixed prite

$$1\mathrm{.}25$ peryard $$12\mathrm{.}00$ per hour

ASSUME the following actual results which occurred for the period:

$25.$ To help combat a persistent problem with excess amounts of wood being split in process, the company experimented with a specially treated lumber which was a higher quality and more costly than the wood it originally planned to utilize. $(2$ pts$)$