LO1) Total Marks 100 Question No. 4 You are Manager of a Al Rahman Flour Mills. You are given following data. You are required to carry out level 1 and 2 analysis and give your assessment of problem I Page 2 of 3 areas in which Management needs to focus its attention based on calculation of all types of variances that are applicable. Actual Results 10,000 $1,250,000 Static Budget 12,000 $1,440,000 Bags sold Revenues Variable costs Direct materials Direct manufacturing labor Variable manufacturing overhead Total variable costs Contribution margin Fixed manufacturing costs Operating income 621,600 198,000 130,500 950,100 299,900 285,000 $ 14,900 720,000 192,000 144,000 1,056,000 384.000 276,000 $ 108,000 100% Give Feedback