Question

Please open enlarge and view. The blue box data table is included.
Х Data Table Flexible Budget Variance (U or F) % Variance (U or F) Flexible All Season-Subunit X Actual Budget Direct materials $ 19,305 $ 18,000 Direct labour 15,405 16,250 Indirect labour 35,010 30,000 Utilities 12,330 11,250 Depreciation 36,400 36,400 Repairs and maintenance 4,690 5,600 $ Total 123,140 $ 117,500 *Flexible budget variance/Flexible budget. Print Done

Options for requirement 3 are Depreciation, direct labor, direct materials, indirect labor, repairs and maintenance, utilities

Options for req 4 Yes or no And (never need to be investigated because they increase net income, should be investigated to make sure the variance does not happen again, should be investigated to make sure they are not hurting the business in the long run.

Answer 1

Answer is attached below

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Answer 1 All season - Submit x % Variance (U or F) Direct Materials Direct Labour Indirect Labour Utilities Depreciation Repairs and Maintenance Total Actual Flexible Flexible Budget Budget Variance (U or F) 19,305 18,000 1,305 U 15,405 16,250 845 F 35,010 30,000 5,010 V 12,330 11,250 1,080 U 36,400 36,400 4,690 5,600 910 F 123,140 117,500 5,640 U 7.25% U 5.20% F. 16.70% U 9.60% U 16.25% F 4.80% U Variance (U) = Actual - Flexible Budget Variance (F) = Flexible Budget - Actual Variance (%) = Variance / Flexible Budget Answer 2 Cost Center As Revenues or assets are not reported Answer 3 Indirect Labor and Repairs and Maintenance has more than 12.5% Variance which should be investigated Answer 4 No, Both the Unfavourable and favourable variances should be investigated as Favourable Repaid and maintenace may be due to operational problems or the Unfavourable labour spending may indicate unskilled labour