You have a business manufacturing man-buns for depilous hipster wannabes referred to in the past as toupees). You produce these man-buns (MB) m batches of 100. Each MB has the following manufacturing standards (i.e., budgets): During April 2016 you made 11 batches of MBs and spent/incurred the following: prepare an analysis of actual production costs for April compared to Budget-adjusted-for-output (Flex Budget). Identify the usage/efficiency, price/rate, spending, and volume variances as appropriate. Record journal entries to record the use of direct materials, direct labor, and variable & fixed manufacturing overhead. (Post costs to WIP first, then transfer all of WIP to Finished Goods. Transfer all of Finished Goods to COGS - remember there is no beginning or ending inventory for WIP or Finished Goods.) Prepare the adjusting journal entry to close all of the variances to COGS. Ferd is responsible for buying your direct materials. Did he do a "good" job in April? Why? Franny is in charge of the use of the direct materials. Did she do a "good" job in April with regards to material usage? Why? Franny is also in charge of the use of direct labor. Did she do a "good" job in April with regards to labor usage/efficiency? Why? Futz sets hourly wage rates for the direct labor. Did he do a "good" job in April? Why? You are in charge of all manufacturing overhead. Did you do a "good" job managing overhead in April? Why? You have a business manufacturing man-buns for depilous hipster wannabes referred to in the past as toupees). You produce these man-buns (MB) m batches of 100. Each MB has the following manufacturing standards (i.e., budgets): During April 2016 you made 11 batches of MBs and spent/incurred the following: prepare an analysis of actual production costs for April compared to Budget-adjusted-for-output (Flex Budget). Identify the usage/efficiency, price/rate, spending, and volume variances as appropriate. Record journal entries to record the use of direct materials, direct labor, and variable & fixed manufacturing overhead. (Post costs to WIP first, then transfer all of WIP to Finished Goods. Transfer all of Finished Goods to COGS - remember there is no beginning or ending inventory for WIP or Finished Goods.) Prepare the adjusting journal entry to close all of the variances to COGS. Ferd is responsible for buying your direct materials. Did he do a "good" job in April? Why? Franny is in charge of the use of the direct materials. Did she do a "good" job in April with regards to material usage? Why? Franny is also in charge of the use of direct labor. Did she do a "good" job in April with regards to labor usage/efficiency? Why? Futz sets hourly wage rates for the direct labor. Did he do a "good" job in April? Why? You are in charge of all manufacturing overhead. Did you do a "good" job managing overhead in April? Why