Using the information provided and calculate the flexible budget and flexible variance

This project provides experience calculating and evaluating variances. You've just been hired as the cost account at Zaine's Salad Supply, a high-end producer of different pre-packaged salads sold to some of the best restaurants in the world. Using the information provided, your team will calculate the requested variances, and prepare a performance evaluation report analyzing two of the variances in more detail. Following is the company's May contribution report, comparing budgeted and actual results for its chicken salad. Standard costs for one chicken salad are as follows: Variable Overhead is applied on the basis of direct labor hours Accounting and production records indicate that the company purchased and used the following quantities during the month