Question: PROBLEM SET #4 [7 marks) Problem #4 - [7 marks] 6.0 points possible (graded, results hidden) Chacha Inc is a manufacturing firm and has provided

PROBLEM SET #4 [7 marks) Problem #4 - [7 marks] 6.0

PROBLEM SET #4 [7 marks) Problem #4 - [7 marks] 6.0 points possible (graded, results hidden) Chacha Inc is a manufacturing firm and has provided following data related to costs: Details.. .Fixed Cost/Month ($)... Cost/unit of production ($) Wages and Salaries. 22200.. 16 Parts and Supplies.. 8 Equipment Depreciation 1600.. 0.5 Lorry Operating Expenses. 5900. 1.6 Rent. 3250 Administrative Expenses... 4500.. 0.7 Chacha computes the total costs as "fixed cost/month plus variable cost". The company expected to produce 2800 units in May, but actually produced 3000 units. The product's selling price is $46 per unit. x Instructions: a) Prepare static budget at the company's expected level of production (2.5 Marks) b) Prepare a flexible budget at the company's actual level of production (2.5 Marks) c) Indicate the variances wheather favoarable or unfavorable (2 Marks)

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