Please get me the step by step answer, I'm totally stuck in it. I promise I won't copy your work because this is just practice question!

Thank you very much!!!!!!!!

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PC, Inc. is a parent company of two subsidiaries, BMS, Inc. (BMS) and CYT, Inc. (CYT). The two subsidiaries operate in different industries and different countries. The scenarios below are independent of each other.

For BMS, Inc., the static budget, at the beginning of the month, contains:

Sales volume: 1,100 units

Sales price: $70.00 per unit

Variable costs: $32.00 per unit

Fixed costs: $38,000 per month

Operating income: $3,800

For BMS, Inc., the actual results, at the end of the month, contains:

Sales volume: 980 units

Sales price: $75.00 per unit

Variable costs: $35.00 per unit

Fixed costs: $34,200 per month

Operating income: $5,000

CYT, Inc. uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labour standards for one of their popular products are as follows:

Direct materials: 2 pounds per unit; $12 per pound

Direct labour: 2 hours per unit; $18 per hour

CYT produced 2,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7,500 pounds of direct materials and incurred total materials costs of $98,700.

Required:

1. For BMS, Inc., calculate the flexible budget variance for sales revenue.
2. For BMS, Inc., calculate the sales volume variance for contribution margin.
4. For CYT, Inc., calculate the direct materials price variance.
5. For CYT, Inc., calculate the direct materials efficiency variance.