Developmental System assembles PCs and uses fiexitle budgeting and a slandard cost system. Developmental System allocales overtiead based on the number of Giect materials parts. Tha company's performance report includes the foliowing selected data- (Click the ioon to view the selected data.) Requirements 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 Developmental System's manufacturing costs? Show how the total flexible budget variance is divided into materials, labour, and overhead variances. 7. Have Developmental System's managers done a good job or a poor job controlling material and labour costs? Why? 8. Describe how Developmental System's managers can benefit from the standard costing system. 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.) Data table