You have a business manufacturing man-buns for hipster wannabes. You produce these buns in batches of 100. Each bun has the following manufacturing standards (i.e., budgets): Direct materials 0.5 yards of $80.00 per yard material Direct labor 2.5 Direct $24.00 per Direct Labor Labor Hours Hour Variable Overhead $62.00 per DLH Fixed Overhead $25,000 per month Original (Static) budget 10 batches per month There is no beginning or ending inventory for Materials, WIP and Finished Goods. You buy what you need and sell all that you make. During March 2022 you made 11 batches of buns (100 buns in each batch) and spent/used/incurred the following: Yards of material 540 yards $44,538 in total Direct labor 2,625 DLII $65,340) in total Variable overhead $167,750 in total Fixed overhead $27,000 in total REQUIRED: a) Prepare an analysis of actual direct production costs for March compared to Budget-adjusted-for-output (Flex Budget). Identify the usage efficiency, price/rate, spending, and production volume variances. b) Ferd is responsible for buying your direct materials. Did he do a "good" job in March? Why? c) Franny is in charge of the use of the direct materials. Did she do a "good" job in March with regards to material usage? Why? d) Floosy is in charge of the use of direct labor. Did she do a "good" job in March with regards to labor usage/efficiency? Why? e) Futz sets hourly wage rates for the direct labor. Did he do a "good" job in March? Why? f) Noxon is responsible for spending on both variable and fixed overhead. Did he do a good job in March? g) If you close all of the variances to COGS, what will be the net change in COGS