Wildberry uses standard costing and variance analysis to evaluate their financials. The standard cost of making each unit in 2019 is as follows: per unit Direct material (plastic) (0.5kg per unit @ 4 per kg) 2 Direct labour (0.25 hour per unit @ 12 per hour) 3 Budgeted sales and production in 2019 were 1,000,000 units, budgeted sales price was 11 per unit and the budgeted fixed overheads was estimated at 3,400,000 per annum. Actual data for 2019 has been released as follows: Sales and production units 1,100,000 units 0.55 kg per unit @ 3.50 per kg (605,000 Material Cost kg in total) 0.3 hours per unit @ 12.50 per hour Labour Cost (330,000 hours in total) Fixed overheads 3,450,000 Sales price 10.50 per unit What was the flexed profit? Select one: O a. 3,150,000 O b. 2,600,000 O c. 1,857,500 O d. 3,200,000 Below is a list of disadvantages that may associate to Beyond Budgeting. Select which one is not associated to Beyond Budgeting. Select one: O a. Without a budget, there is no overall framework of control which allows companies to plan, co-ordinate and control their activities. o b. There is a lack of a road map which details where a business is and where it wants to go. O c. Budgets may be very deeply ingrained in an organisation's fabric and operating culture. O d. Focuses on cost reduction not value creation The company Friars is reviewing its variable overhead efficiency variance. Variable overheads include expenses such as electricity and gas. The variance is 14,000 adverse (unfavourable). Which one of the following explanations is least likely to account for this variance? Select one: O a. Material price variance was favourable as the team bought cheaper, lower quality material that took longer to produce O b. Material usage was adverse because substandard material was used and thus the team had to take longer producing the products c. Labour rate was adverse because the staff were rewarded for being quicker and more efficient workers O d. Labour price was favourable as the company employed less qualified staff One unit of product P spends 1.8 hours being machined in Department X, and then 7.7 hours being assembled by hand in Department Y. Total overheads for the year are 124992 for Department X, with 124992 machine hours in total. Total overheads for Department Y are 138057, with 69028.5 labour hours in total. How much overhead will be absorbed in each unit of product P, to the nearest penny? Select one: O a. 17.20 O b. 12.88 O c. 5.25 O d. 24.90