Determine the direct cost variances (six for Frame; four for Wheel, 4 for Final Assembly) and two overhead variances.

Flexible - Actual Variance Budgeted quantity 10,000 Cost la) Budgeted gty per unit (d)=(C)/10000 Rate (b) Standard for actual e=d*10800 Standard Cost (=le)b) Rate Qty 10800 Qty lig) Cost 0 b) Qty 6)=(e)-(e) Variance Cost U=-0 Rate (k)=bHh) Remarks Frame Assembly Steel tubing 3,300,000 30 110,000 11.00 118,800 3,564,000 113,400 31.50 3,572,100 5,400 1.50 8,100 Unfavorable Paint 25,000 20 1,2500.13 1,350 $7,000 1,375 20.50 128,188 25 0,50 1,188 Unfavorable 15 100,000 10.00 108,000 15.25 1,500,000 4,825,000 2,800 Labor Total Frame Wheel Assembly 1,620,000 100,200 5,211,000 0.25 1528,050 5,128,338 91.950 Favorable Part 1,200,000 120 10,000 1.00 10,800 1,296,000 10,800 122.00 1,317,600 2.00 21,600 Unfavorable Rework part 25,000 25,000 13 5,000 0.50 5.400 ,500 13.50 100 0.50 4,050 Unfavorable Labor Total Wheel Final Assembly 65,000 1,265,000 70,200 5 1,366,200 74,250 1,416,850 3,500,000 350 10,000 1.00 10,800 3,780,000 10,800 367.00 3,963,600 17.00 183,600 unfavorable Rework part 45,000 45,000 7,500 6.75 18,100 14.50 100 0.50 2,600 Unfavorable Labor Total Final Assembly Overhead costs 105,000 3,605,000 113,400 18,000 3,893,400 116,000 4,124,600 250,000 Fixed expenses 1250,000 250,000 Rent 100,000 Office Staff Fixed expenses 100,000 100,000 100,000 100,000 Depreciation - Fixed expenses 100,000 Other costs Total Overheads Total Annual Costs 750,000 1.200,000 10,895,000 750,000 1.200,000 850,000 1,300,000 11,969,788 100,000 Unfavorable 100,000 Unfavorable 1,074,788 Flexible - Actual Variance Budgeted quantity 10,000 Cost la) Budgeted gty per unit (d)=(C)/10000 Rate (b) Standard for actual e=d*10800 Standard Cost (=le)b) Rate Qty 10800 Qty lig) Cost 0 b) Qty 6)=(e)-(e) Variance Cost U=-0 Rate (k)=bHh) Remarks Frame Assembly Steel tubing 3,300,000 30 110,000 11.00 118,800 3,564,000 113,400 31.50 3,572,100 5,400 1.50 8,100 Unfavorable Paint 25,000 20 1,2500.13 1,350 $7,000 1,375 20.50 128,188 25 0,50 1,188 Unfavorable 15 100,000 10.00 108,000 15.25 1,500,000 4,825,000 2,800 Labor Total Frame Wheel Assembly 1,620,000 100,200 5,211,000 0.25 1528,050 5,128,338 91.950 Favorable Part 1,200,000 120 10,000 1.00 10,800 1,296,000 10,800 122.00 1,317,600 2.00 21,600 Unfavorable Rework part 25,000 25,000 13 5,000 0.50 5.400 ,500 13.50 100 0.50 4,050 Unfavorable Labor Total Wheel Final Assembly 65,000 1,265,000 70,200 5 1,366,200 74,250 1,416,850 3,500,000 350 10,000 1.00 10,800 3,780,000 10,800 367.00 3,963,600 17.00 183,600 unfavorable Rework part 45,000 45,000 7,500 6.75 18,100 14.50 100 0.50 2,600 Unfavorable Labor Total Final Assembly Overhead costs 105,000 3,605,000 113,400 18,000 3,893,400 116,000 4,124,600 250,000 Fixed expenses 1250,000 250,000 Rent 100,000 Office Staff Fixed expenses 100,000 100,000 100,000 100,000 Depreciation - Fixed expenses 100,000 Other costs Total Overheads Total Annual Costs 750,000 1.200,000 10,895,000 750,000 1.200,000 850,000 1,300,000 11,969,788 100,000 Unfavorable 100,000 Unfavorable 1,074,788