PLEASE ANSWER PART 2

Frank Martinez operates Clean Wheels Enterprises, an auto detailing company with 20 employees. Jameson Johnson has recently been hired by Martinez as a controller. Clean Wheels's previous accountant had done very little in the area of variance analysis, but Martinez believes that the company could benefit from a greater understanding of his business processes. Because of the labour-intensive nature of the business, he decides to focus on calculating labour variances. Martinez examines past accounting records and establishes some standards for the price and quantity of labour. While Clean Wheels's employees earn a range of hourly wages, they fall into two general categories: skilled labour, with an average wage of $21 per hour, and unskilled labour, with an average wage of $7 per hour. One standard 8-hour detailing job typically requires a combination of 5 skilled hours and 3 unskilled hours. Actual data from last month, when 630 detailing jobs were completed, are provided. E (Click the icon to view the actual direct labour costs.) (Click on the icon for more information.) Required Requirement 1. What is the budgeted cost of direct labour for 630 detailing jobs? Select the formula and enter the amounts to calculate the budgeted cost of direct labour for 630 detailing jobs. Total budgeted cost of Budgeted cost per job Number of jobs direct labour $ 126 630 79,380 - = Requirement 2. How were the $7,402 favourable price variance and the $2,800 unfavourable labour Requirement 2. How were the $7,402 favourable price variance and the $2,800 unfavourable labour efficiency variance calculated? What was the company's flexible- budget variance? Begin by selecting the formula and enter the amounts to calculate the total direct labour price variance. Identify each variance as either favourable (F) or unfavourable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Round all intermediate calculations to four decimal places, X.XXXX. Round your final answers to the nearest whole dollar.) = Price variance ) x ) x Skilled II Unskilled - X Total Skilled (3,370 hours) $ 65,378 Unskilled (1,630 hours) 9,400 $ 74,778 Total actual direct labour cost Looking over last month's data, Johnson determines that Clean Wheels's labour price variance was $7,402 favourable, but the labour efficiency variance was $2,800 unfavourable. When Johnson presents his findings to Martinez, the latter is furious. "Do you mean to tell me that my employees wasted $2,800 worth of time last month? I've had enough. They had better shape up, or else!" Johnson tries to calm him down, saying that in this case the efficiency variance doesn't necessarily mean that employees were wasting time. Johnson tells him that he is going to perform a more detailed analysis and will get back to him with more information soon