Excel Assignment \# 6 Performance Measurement Spring Northern Illinois Manufacturing reported the following results from last year's operations: Total operating assets at the end of the year are $20,900,000. The total operating assets at the end of last year was $19,100,000. The company tracks its internal business process performance and reports the following data for this year: Budgeted information for Northern Illinois is based on the following information: Sales-UnitsSalesPriceDirectmaterials$1.50perunitDirectlaborVariableOHVariableS&AFixedOHFixedS&A1,300,000$12perunit$3.60perunit$1.50perunit$1.60perunit$750,000$1.125,000 The following standard cost card is for the variable manufacturing for one unit of production: During the year, the company purchased and used 2,772,000 pounds of material. The company worked 302,790 hours at a rate of $18 per hour. The company's minimum return is 10%. This assignment requires several items to be completed using an Excel spreadsheet. Please prepare the items in the order given with the number of the requirement or your Excel spreadsheet. 1. Prepare the flexible budget performance report for last year. (See exhibit 9-6) 2. Determine the material price and quantity variances. 3. Determine the direct labor price and quantity variances. 4. Determine the variable overhead spending and efficiency variances. 5. Determine the ROI and RI for last year. 6. Determine last year's throughput time, MCE, and delivery cycle time