F5

Hello Sir. Could you please help me out in the following questions? I'd be so so grateful. Q1. The following information is available for X plc: Budgeted production 13120 units Budgeted fixed O.H $45920 Budgeted labour hours 26240 Actual production 12920 units Actual fixed O.H $48400 Actual labour hours 25200 What is the fixed OH capacity variance? What is the fixed OH efficiency variance? I got 1820(F) for capacity variance but the answer states it is adverse? Can you please tell me how and why? Also please tell me how to calculate the fixed OH efficiency variance? Q2. A division of a company is capable of making 2 products, X and Y. X Y External selling price 80 100 Variable cost 60 70 Contribution 20 30 Labour hours per unit 5 10 The company has limited labour hours available , and another division requires product Y. What is the minimum transfer price that should be charged by the division in order to achieve goal congruence? Q3. A contract required 100 hours of skilled labour Labour is paid $5 per hour. Labour is currently fully occupied making another product which is generating a contribution of $8 per unit. Each unit of other product requires 2 hours of skilled labour. What is the relevant cost of labour? Q4. A company has budgeted to sell 100000 units of its product at a price of $25 per unit. The CS ratio is 25% and the fixed costs are $375000. What is the breakeven sales revenue and the margin of safety? Please let me know how to solve these. Looking forward. Thank you!