woblem 3-Performance Evaluation problem 3A-Prepare a Flexible Budget Callo furniture company manufacturers and sells office desks across the United States. The company has prepared a static budge based on the following information: Units Produced and Sold 20,000 Per unit sales price and variable costs: Expected sales price $ 50.00 Standard direct materials cost $ 10.00 Standard direct labor costs $ 15.00 Standard overhead costs $ 5.00 Supervisor salaries are expected to be $225,000 per year Equipment Depreciation is estimated to be $15,000 per year Prepare a Flexible Budget for 15,000, 20,000, and 25,000 desks for the year ending December 31, 2022 Calio Furniture Company Budget For the month ending December 31, 2022 Units of Production Sales Revenue Variable Cost Contribution Margin Fixed Cost Total Fixed Costs Net Income 15,000 20,000 25,000 do 3,9 ormula's for problems 38 and 3C- select the correct formula for each calculation: (Actual Price-Standard Price) Actual Quantity (Actual Quantity - Standard Quantity)* Standard Price (Actual Rate per Hour - Standard Rate per Hour) *Actual Hours (Actual Direct Labor Hours - Standard Direct Labor Hours) Standard Rate per Hour Problem 38-Calculate the Direct Materials Variance (Price Variance, Quantity Variance, Total Direct Materials Costs Variance) PGM Chemical company processes base chemicals into plastics. Below you will find standard costs and actual costs for direct materials: Standard Costs Actual Costs Direct Materials Usage (Quantity in pounds) 150,000 148,000 Direct Materials Price (Price per pound) $ 2.80 $ 3.00 Calculate the following Direct Materials Variances: Direct Materials Price Variance = Direct Materials Quantity Variance = Total Direct Materials Variance = 3,9 3:14 Labor Costs Variance) problem 3C-Calculate the Direct Labor Variance (Rate Variance, Time Variance, Total Direct PGM Chemical company processes base chemicals into plastics. Below you will find standard costs and actual costs for direct labor: Standard Actual Costs Costs Direct Labor Usage (Time in hours) 13,000 12,800 Direct Labor Price (Rate per hour) $ 20.00 $ 20.15 Calculate the following Direct Labor Variances: Direct Labor Price Variance = Direct Labor Usage Variance = Total Direct Labor Variance =