Boyer System assembles PCs and uses flexible budgeting and a standard cost system. Boyer System allocates overhead based on the number of direct materials parts. The company's performance report includes the following selected data: (Click the icon to view the selected data.) Requirements Requirement 1. Determine the company's standard cost for one unit. First, select the formula, then compute the standard cost per unit. (Round your answer to the nearest cent.) = Standard cost per unit Data table Sales (19,500 PCs x $415 ) (21,500 PCs x $435 ) Static Budget Actual Results (19,500 PCs) (21,500 PCs) $ 8,092,500 $ 9,352,500 Variable manufacturing expenses: Direct materials (195,000 parts x $9.50 ) 1,852,500 (210,000 parts x $9.30 ) 1,953,000 Direct labour (39,000 hrs. x $14.70 ) 573,300 (41,500 hrs. x $15.30 ) 634,950 Variable overhead (195,000 parts x $ 4.10 ) 799,500 (210,000 parts x $ 4.20 ) 882,000 Fixed manufacturing expenses: Fixed overhead Total cost of goods sold 877,500 907,500 4,102,800 4,377,450 $ 3,989,700 $ 4,975,050 Gross profit 1. Determine the company's standard cost for one unit. 2. Prepare a flexible budget based on the actual number of PCs sold. 3. Compute the price variance for direct materials and for direct labour. 4. Compute the efficiency variances for direct materials and direct labour. 5. For manufacturing overhead, compute the total variance, the flexible budget variance, and the production volume variance. 6. What is the total flexible budget variance for Boyer System's manufacturing costs? Show how the total flexible budget variance is divided into materials, labour, and overhead variances. 7. Have Boyer System's managers done a good job or a poor job controlling material and labour costs? Why? 8. Describe how Boyer System's managers can benefit from the standard costing system. Print Done