Please answer question #8

ACC 1820 Project 5 (Ch 8) Name Use Question8 from HW7 for Perry Company to complete the roquirements here. Follow these steps to complete the "Planning bodget", "flesible budget" and "actual" income statiement amounts in the table at the end of the Packet. If you are familiar with excel, you may use the workahect "Project 8 Worksheet" found on D2L iahlishtod items are check figures that will be peovided 1) (s points) Perry Company uses a Flesxible budget that is prepared using standards. May's "Planning production was expected to be 10% less than their actual production. (Actual peediction tees 90%). Perry's Company sales price is $45 per unit and their investory levels were consistens Srom the beginning to the end of the month. Please show your work/ealculations here. When lventory levels are unchangod, what does this tell you about the relationship betwe production levels and sales levels? Amswr in full sentence b) How many units did Perry plan for in their "Planning Budget" for May? Aca What was their "Planning" budgeted revenue in dollars? ?5.SA@yit ,.~ c) rL? 5 \ofco u f 6 cco d) What is their "flexible" budgeted revenue for the number of units prodaced (CONNECT) Enter the revenue amounbs in the comect columns on the Budget Repoet at the end of the Packet. In this case, assume "flexible" budpet equals "actual" for revenue 0 Ir Flexible Budget by definition represents budgeted revenue for actual number of units sold, give two reasons situations that might cause "actual" revenue to be different free "lexible budget revenue. Answer in full sentences Sols ad er oen 2) (5 points) Fixed manufacturing overhead was at $85,000 and applied per labor. a) Calculate the predetermined Fixed overhead rate per direct labor hour. (Predetermined Oll rate Budgeted Overhcad divided by Badgeted labor hours). d direr alon boirs .axo-1