You have a business manufacturing snarky masks for hipster wannabes.You produce these masks in batches of 100.Each mask has the following manufacturing standards (i.e., budgets):

Direct materials

0.5 yards of material

$75.00 per yard

Direct labor

2.5 Direct Labor Hours

$20.00 per Direct Labor Hour

Variable Overhead

$60.00 per DLH

Fixed Overhead

$20,000 per month

Original (Static) budget

10 batches per month

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 2021 you made 11 batches of masks (100 masks in each batch) and spent/used/incurred the following:

Yards of material

560 yards

$40,538 in total

Direct labor

2,625 DLH

$51,340 in total

Variable overhead

$165,000 in total

Fixed overhead

$23,000 in total

REQUIRED:

a)Complete an analysis of actual direct production costs for March compared to Budget-adjusted-for-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 complete a "good" job in March?Why?

d)Franny is in charge of the use of the direct materials.Did she complete a "good" job in March with regards to material usage?Why?

e)Floosy is in charge of the use of direct labor.Did she complete a "good" job in March with regards to labor usage/efficiency?Why?

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

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