You have a business manufacturing snarky hats for TicTok wannabes. You produce these hats in batches of $100.$ Each hat has the following manufacturing standards $($i$.$e$.,$ budgets$)$:

$\backslash$table$[[$Direct materials,$0\mathrm{.}5$ yards of$,],[,$material,$$75\mathrm{.}00$ per yard$],[$Direct labor,$2\mathrm{.}5$ Direct,$$20\mathrm{.}00$ per Direct Labor$],[,$Labor Hours,Hour$],[$Variable Overhead,,$$60\mathrm{.}00$ per DLH$],[$Fixed Overhead,,$$20,000$ per month$],[$Original $($Static$)$ budget,,$],[,,]]$

There is no beginning or ending inventory for WIP and Finished Goods. You have sufficient beginning direct material inventory of material that you do not need to purchase any during the month.

During March $2023$ you made $11$ batches of hats $(100$ hats in each batch$)$ and spent$/$used$/$incurred the following:

$\backslash$table$[[$Yards of material,$560$ yards,$$40,538$ in total$],[$Direct labor,$2,625DLH,$$$51,340$ in total$],[$Variable overhead,,$$165,000$ in total$],[$Fixed overhead,$$23,000$ in total,$]]$

REQUIRED:

a$)$ Prepare an analysis of actual direct production costs for March compared to Budget$-$adjustedfor$-$output $($Flex Budget$).$ Identify the usage$/$efficiency$,$ price$/$rate$,$ and production volume variances.

b$)$ If you close all of the variances to COGS, what will be the net change in COGS?

c$)$ Ferd is responsible for buying your direct materials. Did he do a "good" job in March? Why?

d$)$ 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?

e$)$ 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?

f$)$ Futz sets hourly wage rates for the direct labor. Did he do a "good" job in March? Why?

g$)$ Noxon is responsible for spending on both variable and fixed overhead. Did he do a good job in March?