Question: NEED HELP! Time Crunch! Current Attempt in Progress upholstery. But it was not nearly as proftable as management has hoped Blossomis actual inconestatement and master




Current Attempt in Progress upholstery. But it was not nearly as proftable as management has hoped Blossomis actual inconestatement and master tuudjet incoine staterent are as follows in erder to ktep the focus on product conth, SGSA costs were onitued. Here are the company's standard cost cands for each product cont: Prepare a flewble budget for Blossom Company so managenent can evaluate the company's ictusy performance using a moce approperiate benchmark. Determine Blossom's nexibile butget variances and sales activity variances. Determine Blosson's flexoble budket varianees and sples activity variances. Determine the following specific variances for each product cost. 1. DM price and efficiency variances (19,500 yards of DM were purchased and used; Blossom paid $2000 yard for the materiat). 2. DL price and effiency variances (19.000 DL hours were used; Blossom prid $12.00 hourl. 3. Variable MOH price and efficiency variances (MOH is applied based on DC hours). 4. Fixed MOH price and volume variances ( MOH is applied based on Dt hours). Fixed-MOH price variance Fixed-MOH volume variance
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