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Munoz, Inc., produces a special line of plastic toy racing cars. Munoz, Inc. produces the cars in batches. To manufacture a batch of the cars, Munos, Inc. must set up the machines and molds. Setup costs are batch-level costs because they are associated with batches rather than individual units of products. A separate Setup Department is responsible for setting up machines and molds for different styles of car. Setup overhead costs consist of some costs that are variable and some costs that are fixed with respect to the number of setup hours. The following information pertains to June 2015: Actual Statie-budget Amounts Amour Units produced and sold 14950 11,950 Batch size (number of units per batch) 265 235 Setup-hours per batch 6 6.25 Variable overhead cont persetup-hour $30 Total fixed setup overhead costs $16,450 516,236 Calculate the production-volume variance for fixed overhead setup costs. (Round all intermediary calculations to two decimal places and your final answer to the nearest whole number.) $4087 unfavorable 54087 favorable $47 favorable $47 unfavorable $41 Finmin Company has the following sales budget for the last six months of 2015: July $210,000 October $181,000 August 164,000 November 207,000 September 205,000 December 187,000 Sales are immediately due, however the cash collection of sales, historically, has been as follows: 60% of sales collected in the month of sale, 30% of sales collected in the month following the sale, 9% of sales collected in the second month following the sale, and 1% of sales are uncollectible. Cash collections for September are $172,200 $191,100 $137,760 $205,860 Dynondo Incorporated planned to use materials of $9 per unit but actually used materials of s16 per unit, and planned to make 1990 unts but actually made 1800 units The flexible-budget amount for materials is $25,440 $28,800 514310 $16,200

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