BER WPS Cloud X Tinal 2021 03.xlsx + 591 B C D E F G H They had the following forecasted/budgeted for the full 2020 year: Sales in dollars 750,000 Selling price per unit $ 750 lumber pieces used per set Cost for one unit of lumber $ 2.5 DLH per unit, $25 per 1.0 At the end on 2020, they knew the following: Sales in dollars) 625,000 Selling price per units 500 lumber pieces used (total) 5,000 Cost for one unit of lumber $ 2 DLS paid total, $24 per hours 100,000 Formulas Price Var. =:- (Actual price - budgeted price)"Actual Q Efficiency Var. = -(Actual Quantity used - flex Budgeted Quantity) * Budgeted Price Flexible budget variance = price + efficiency Flexible budget variance also = actual total-flex budget total e) The materials used for each set are classified as Direct. For this expense, please indicate the price variance, efficiency variance, and flexible budget variance. Remember to indicate favorable or unfavorable and why. 15 Marks variance variance Flex budget variance Actual flex static Direct Material +