On January 1, 2025, the Sunland Company budget committee has reached agreement on the following data for the 6 months ending June 30.2025 The ending raw materlals and finished goods irventories at December 31,2024, follow the same percentage relationships to production and sales that occur in 2025 . Three pounds of raw materials are required to makc each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. (a) Prepare a production budget by quarters for the 6-month period ended June 30,2025. Sheffield Inc, which produces a single product, has prepared the foll owing standard cost sheet for one unit of the product. During the month of April, the company manufactures 260 units ard incurs the following actual costs. Compute the total, price, and quantity variances for materials and labor
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