Me 9 au Center Table Text M77 K L 35 total Paste - Copy Format BIURAS EEZE Formatting - Painter | W X + WPS Cloud final 2021 03.xlsx @fx B A D F E G H 53 Long answer Qs, look for marks in bold for each 54 11 You are working with a manufacturer under Boardz Co. This company creates Board game tables from scratch. 56 They had the following forecasted/budgeted for the full 2020 year: 57 Sales in dollars 750,000 58 Selling price per units 750 59 lumber pieces used per set 3 60 Cost for one unit of lumber $ 2.5 61 DLH per unit, $25 per 1.0 62 63 At the end on 2020, they knew the following: 64 Sales in dollars 625,000 65 Selling price per units 500 66 lumber pieces used (total) 5,000 67 Cost for one unit of lumber $ 2 68 DLS paid total, $24 per hours 100,000 69 70 71 72 Formulas Price Var. =- (Actual price - budgeted price) Actual Q Efficiency Var. --Actual Quantity used - flex Budgeted Quantity) * Budgeted Price Flexible budget variance - price + efficiency Flexible budget variance also = actual total - flex budget total 73 74 75 76 77 c) You remember from your university days, there is a middle step between "static" budget and "actual" budget, and you first have to calculate the flexible revenue budget amount. What Revenue's flexible budget? 3 Marks 78 79 80 81 82 BE (2) Actual (3) Flex (1) static Revenue 84 85 86 87 88 +