Question: Thank you! A designer will begin making sunglasses. Each pair is expected to sell for $150. The budgeted labor cost per pair is estimated to

Thank you!

Thank you! A designer will begin making sunglasses. Each pair is expected

A designer will begin making sunglasses. Each pair is expected to sell for $150. The budgeted labor cost per pair is estimated to be $17.5, and the direct material per pair will be $30. Fixed overhead is estimated to be $10,000 per season. Packaging costs are budgeted to be $5.50 per pair and sales commission will be $4 per pair. During her first season, the designer reports the following: 200 pairs were sold for $30,200; materials were $6,250, the labor cost was $3,200. Fixed overhead costs amounted to $10,100, packaging costs were $750, and sales commissions were $1,000. Please ll in the following chart for the flexible budget and variances. For variances, don't show + or - signs, but do show U for unfavorable and F for favorable Flex Budget Actual Var Revenue $30,200 6,250 DL 3,200 OH 10,100 Sales Commission 1,000 Packaging 750 Net income 7 ,, 7 7 $8,900

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