You are working with a manufacturer under ImBoard Co. This company creates Board game tables from scratch. They had the following forecasted/bludgeted for the full 2024 vear: Sales in dollars Selling price per unit lumper pieces used per set Cost for one unit of lumber DLH per unit, S25 per 3,000,000 1,600 10 10 5 At the end on 2020, they knew the following: Sales in dollars Selling price per unit lumber pieces used (total) Cost for one unit of lumber DLS paid total, S24 per hour 3,500,000 1.400 15,000 IS 140,000 Formulas Price Var .. (Actual price - budgeted price) Actual Q Efficiency Var. = -(Actual Quantity used - flex Budgeted Quantity) * Budgeted Price Flexible budget variance - price + efficiency Flexible budget variance also = actual total - flex budget total a) Boards forgot to indicate quantity sold! Help! What is the budgeted Q sold? 2 Marks b) Boards does not know actual quantity sold! Help! What is the actual quantity sold? 2 Marks c) You remember from your university days, there is a middle step between "static" budget and actual" budget, and you first have to calculate the flexible revenue budget amount. What Revenue's flexible budget? 3 Marks a) Boards forgot to indicate quantity sold! Help! What is the budgeted Q sold? 2 Marks b) Boards does not know actual quantity sold! Help! What is the actual quantity sold? 2 Marks c) You remember from your university days, there is a middle step between "static" budget and actual budget, and you first have to calculate the flexible revenue budget amount. What Revenue's flexible budget? 3 Marks d) Boards has no idea what to make of the differences between flexible budgeted and actual. What are the two main variances, and can you quantify? Are they Favorable? Unfavorable? Why? 10 Marks c) The materials boards uses for each set are classified as which type of expense? For this expense, please indicate the volume variance, price variance, efficiency variance, and flexible budget variance. Remember to indicate favorable or unfavorable and why. 15 Marks c) The materials boards uses for each set are classified as which type of expense? For this expense, please indicate the volume variance, price variance, efficiency variance, and flexible budget variance. Remember to indicate favorable or unfavorable and why, 15 Marks explain why Boards is efficient or inefficient (did they use their materials as efficiently as they budgeted?) 3 Marks