Brief Exercise 23-02 For the quarter ended March 31, 2020, Crane Company accumulates the following sales data for its newest guitar, The Edge: $324,000 budget; $302,500 actual. In the second quarter, budgeted sales were $381,500, and actual sales were $389,300. Prepare a static budget report for the second quarter and for the year to date. CRANE COMPANY Sales Budget Report For the Quarter Ended June 30, 2020 Second Quarter Year to Date Product Line Budget Actual Difference Budget Actual Difference Guitar: The Edge $ $ $ $ Click if you would like to Show Work for this question: Open Show Work Exercise 23-07 a-b (Video) (Part Level Submission) Swifty Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants to begin using a flexible budgeting system, rather than use only the current master budget. The following data are available for AP's expected costs at production levels of 80,000, 95,000, and 110,000 units. Variable costs Manufacturing Administrative Selling Fixed costs Manufacturing Administrative $7 per unit $3 per unit $2 per unit $137,000 $83,000 Prepare a flexible budget for each of the possible production levels: 80,000, 95,000, and 110,000 units. (List variable costs before fixed costs.) SWIFTY INC. Flexible Production Cost Budget Activity Level Production Levels 80,000 95,000 110,000 Variable Costs Manufacturing Administrative v Selling Total Variable costs Fixed Costs Manufacturing Administrative Total Fixed Costs Total Costs Brief Exercise 23-08 For the year ending December 31, 2020, Sunland Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin-$612,200 budget, $629,685 actual; controllable fixed costs- $299,400 budget, $303,200 actual. Average operating assets for the year were $1,955,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) SUNLAND COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual C. Nou SLAM