Variance Summary: Favorable (Unfavorable) Static Budget Operating Statements (Std Cost Sys) Write off Cntrl Acct Bal (Variances) Actual Revenues and Costs Flexible Budget Sales Volume Variance Sales Volume (in units) Flexible Budget Variance Sales Price Variance Sales Revenue Cost of Goods Sold Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total Variable Cost FB Variances Material Price Usage Labor Rate Efficiency VMOH Rate Efficiency VS&A Gross Profit Selling and Administration Commissions Other Total Fixed Cost Spending Variances FMOH Spending FS&A Spending Operating income before tax Total Cash Variance Static Budget Variance Non - cash Variance FMOH Production Volume (denominator) Control Accounts Reconciliation of Control Accounts Variable Fixed Balance Production DR (CR) Price Efficiency Spending Volume CR DR (Actual) Fav (Unfav) (Applied) Material Labor VM O/H FM O/H 0 0 0 Budgeted and Actual Input Data [DO NOT CHANGE THE FORMAT] Forecast Information Actual Results Sales Volume (units) 4,500 Sales Volume (units) 7,200 Sales Price per unit 300.00 Sales Revenue 2,340,000 Standard Costs Materials Kilograms per output unit Cost per kilogram 70.0 1.00 Materials Kilograms used Total cost of materials 540,000 486,000 Labor Labor Hours per output unit Cost per hour 6.0 Hours used Total cost of labor 46,800 748,800 15.00 Variable overhead Cost per labor hour Variable overhead Total incurred 7.50 374,400 Sales commission rate per unit 15.00 Sales commissions 106,000 Contribution Margin per unit Fixed overhead Manufacturing Selling and administration 125,000 22,500 Fixed overhead Manufacturing Selling and administration 135,000 24,000 FFOH Burden rate per labor hour