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Per your request I have attached questions Problem 5-32 and 6-30. Problem 5-32 Problem 6-30 Unit 3 Quiz.docx quest2634364ent quest2634364 asnm t1618345 take-question a Problem 5-32 (Part Level Submission) Sandoval Furniture builds high-end hand-made dining tables. Mackenzie Sandoval, the company’s owner, has developed the following sales forecast for 2015. 1st Quarter Forecasted sales (tables) 2,574 2nd Quarter 2,792 3rd Quarter 4th Quarter 2,929 1,738 Because of the time needed to create each table, Sandoval maintains an ending Finished Goods Inventory of 20 percent of the following quarter’s budgeted sales. Sandoval has been following this inventory policy for several years. The company ended 2014 with 515 tables on hand. The standard cost card for a table is as follows: Standard Quantity American cherry wood American cherry turning square (legs) Standard Price 25 board feet $5/board foot $125 $9/square 36 4 squares Total Standard Cost Direct labor 12 DLH $16/DLH 192 Variable overhead 12 DLH $56/DLH 672 Fixed overhead 12 DLH $9/DLH 108 $1,133 Don’t show me this message again for the assignment (a) Prepare Sandoval’s production budget for 2015. Assume that the desired ending inventory for 2015 is 590 tables. (Round answers to 0 decimal places, e.g. 5,275.) Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Don’t show me this message again for the assignment Link to Text (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above. quest2634849ent quest2634849 asnm t1618345 take-question a Problem 6-30 (Part Level Submission) Lexi Belcher picked up the monthly report that Irvin Santamaria left on her desk. She smiled as her eyes went straight to the bottom line of the report and saw the favorable variance for operating income, confirming her decision to push the workers to get those last 290 cases off the production line before the end of the month. But as she glanced over the rest of numbers, Lexi couldn’t help but wonder if there were errors in some of the line items. She was puzzled how most of the operating expenses could be higher than the budget since she had worked hard to manage the production line to improve efficiency and reduce costs. Yet the report, shown below, showed a different story. Actual Cases produced and sold 10,250 Budget 9,960 Variance 290 Favorable "Not Applicable" and enter 0 for the amounts.) $ Direct material price variance $ Direct material quantity variance (c-d) Calculate the direct labor rate variance and direct labor efficiency variance for the month. (Round answers to 0 decimal places, e.g. 1525. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) $ Direct labor rate variance Direct labor efficiency variance $ (e-f) Calculate the variable overhead spending variance and variable overhead efficiency variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) $ Variable overhead spending variance Variable overhead efficiency variance $ (g) Calculate the fixed overhead spending variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) $ Fixed overhead spending variance Don’t show me this message again for the assignment (h) The parts of this question must be completed in order. This part will be available when you complete the part above. (i) The parts of this question must be completed in order. This part will be available when you complete the part above. Read more

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