Question Content Area Jase Manufacturing Co.'s static budget at 7,500 units of production includes $30,000 for direct labor and $3,000 for electric power. Total fixed costs are $36,500. At 10,400 units of production, a flexible budget would show a. variable costs of $45,760 and $50,613 of fixed costs b. variable and fixed costs totaling $69,500 c. variable costs of $45,760 and $36,500 of fixed costs d. variable costs of $33,000 and $36,500

Contribution Margin Volume Variance Ioannis Inc., produces and sells two types of countertop ovens—the toaster oven and the convection oven. Budgeted and actual data for the two models are shown below. Budgeted Amounts:     ToasterOven   ConvectionOven   Total Sales:                 ($96 × 27,500)   $2,640,000               ($151 × 19,500)       $2,944,500     $5,584,500   Variable expenses   535,000     750,000     1,285,000       Contribution margin   $2,105,000     $2,194,500     $4,299,500     Actual Amounts:     ToasterOven   ConvectionOven   Total Sales:                 ($85 × 27,000)     $2,295,000               ($163 × 13,000)       $2,119,000     $4,414,000   Variable expenses   513,200     721,200     1,234,400       Contribution margin   $1,781,800     $1,397,800     $3,179,600     1. Calculate the budgeted average unit contribution margin. 2. Calculate the contribution margin volume variance

Question 1 Not complete Direct material Direct labor Variable overhead Fixed overhead Total Using Flexible Budgets The following summary data are from a performance report for Sterling Company for May, during which 9,600 units were produced. The budget reflects the company's normal capacity of 10,000 units. Actual Cost Budget 9,600 10,000 units units $ $136,800 $140,000 $(3,200) Favorable Type Marked out of 6.25 Direct material $ Direct labor Variable overhead Fixed overhead Totals PFlag question $ Variances a. Prepare a new performance report using flexible budgeting. Round all amounts to the nearest dollar. Variance Actual Costs 277,200 280,000 (2,800) Favorable 98,400 96,000 2,400 Unfavorable 72,400 72,000 400 Unfavorable $584,800 $588,000 $(3,200) $ 0 $ Flexible Budget $ 0 $ $ b. Which of the two performance reports should Sterling Company management use to measure the company's operating efficiency in May? ◆ 0 Type ♦ + + ◆

Vaibhav

Question 2 Jewel Ltd manufactures four products, A, B, C and D, and has produced the following budgeted figures for the forthcoming period:  Demand (units) 8,000 2,000 3,600 3,000 Income £ 40,000 20,000 27,000 38,400 Costs £ Material 12,000 8,000 12,000 12,000 Labour 12,000 6,000 8,000 15,000 Variable Overhead 2,000 1,000 1,700 2,400 Fixed Overhead 6,000 4,000 5,000 6,000 Labour is paid at £10 per hour and is limited to 3,800 hours for the period. Required: Calculate and determine the ranking with labour hours as the limiting factor of production.

Please do not give solution in image format thanku

Please do not give solution in image format thanku

Please do not give solution in image format thanku