Please answer all.

The direct material and direct labor standards for one case of Packers Punch are:

Direct Materials (5 quarts @ $8 per quart)	$40
Direct Labor (2 hours @ $12 per hour)	24

During the week ended December 31, the following activity took place:

3,000 cases of punch were actually produced.

16,000 quarts of raw materials were purchased for inventory at a cost of $8.10 per quart.

14,700 quarts of raw material were used.

6,300 hours of direct labor were incurred at a cost of $76,860.

Calculate the total dollar amount of each of the following variances (show your work in detail):

Raw materials purchase price variance.

Raw materials usage variance.

Direct labor efficiency variance

Direct labor rate variance

Formulas are as follows:

Price/Rate/Spending Variance = (SP-AP) x AQ

Usage/Efficiency Variance = (SQ-AQ) x SP

2. Shown below is an income statement in the traditional format for Green Bay Inc. that sells a single product having a sales volume of 15,000 units. Cost formulas are also shown (for example, COGS includes fixed costs of $23,000 and variable costs of $3.20 per unit):

Sales	$108,000
Cost of goods sold ($23,000 + $3.20 per unit)	(71,000)
Gross profit	$ 37,000
Operating expenses:
Selling ($9,000 + $0.82 per unit)	(21,300)
Administrative ($12,800 +$0.07 per unit)	(13,850)
Operating income	$ 1,850

Prepare an income statement in the contribution margin format.

Calculate the contribution margin per unit and contribution margin ratio.

c. Calculate the firm's breakeven point in units.

3. Aaron Rodgers, Co. manufactures a single product, golden footballs. During December, 6,700 units of product were manufactured, and 6,350 units of the product were sold. There were no beginning inventories. During December, the following costs were incurred:

Raw Materials	$ 76,900
Direct Labor	132,600
Manufacturing Overhead	64,800

Calculate the total cost of goods manufactured during December, and the average cost of a single unit of the product.

Calculate the cost of goods sold during December.

Calculate the ending finished goods inventory for December.

4. Bad News Bears Inc. is segmented into three divisions, and $42,000 of the fixed expenses relate to the corporate (common) expenses and are allocated equally between the three divisions.

a. Calculate the Contribution Margin Ratio for each segment and for the Total Company. b. Revise the income statement presented above into a segmented income statement.

5. Lambeau Inc.s collection patterns indicate 75% of the month's sales will be collected in the month of the sale, 20% in the following month, and 2% two months after the sale.

Sales forecasts are $250,000 in January, $325,000 in February, and $285,000 in March.

Calculate the cash receipts expected for the month of March.

6. Bears Down! produces toilet paper. Overhead is applied on the basis of machine hours required. A predetermined overhead rate of $18.50 per machine hour is established for 2021.

If 12,000 machine hours were expected to be used during 2021, how much overhead was expected to be incurred?

Actual overhead incurred during 2021 totaled $229,400, and 12,200 machine hours were actually used in 2021. Calculate the amount of over/under-applied overhead for 2021.

7. Nagy Corp. manufactures a single product, baby wipes. The original budget for December was based on expected production of 50,000 wipes; actual production for December was 51,500 wipes. The original budget and actual costs for the manufacturing department are shown below:

Original Budget (based on 50,000 wipes):

Direct Materials $100,000, Direct Labor $90,000, Variable Overhead $60,000, Fixed Overhead $50,000; Total = $300,000

Actual Costs (based on 51,500 wipes):

Direct Materials $110,000, Direct Labor $85,000, Variable Overhead $65,000, Fixed Overhead $65,000; Total = $325,000

Prepare the performance report for the manufacturing department (i.e. prepare the flexible budget, and then the variances).

8. GB Winners Inc. estimates $150,000/month for total fixed costs and the variable costs per unit are estimated at $10.00.

a. Express the total cost in a cost formula.

b. Calculate the total cost based on the following production levels:

15,000 units

20,000 units

25,000 units

9. The Chicago Clowns Corp. manufactures super bowl rings (the only way they can get their hands on one). Costs incurred in making 20,000 rings in December included $510,000 of fixed manufacturing overhead. Total absorption cost per ring was $50.

a. Calculate the variable cost per ring.

b. Express the cost of the ring in a cost formula (Y=a+bX).

10. A products unit cost is $18 for direct materials used, $17 for labor incurred, and $15 for variable manufacturing overhead; its unit selling price is $150. Selling, general, and administrative expenses for the month were $200,000.

Calculate the total product cost (COGM).

Assuming 10,000 products were produced and sold, calculate the gross margin, gross margin ratio, and net income for the month.