(a)[3]
Prepare the flexible budget statement for the month of April.
(b(i))[2]
Calculate the following variances: sales price.
(b(ii))[2]
Calculate the following variances: sales volume (as a measure of change in profit).
(b(iii))[2]
Calculate the following variances: fixed overhead expenditure.
(b(iv))[2]
Calculate the following variances: fixed overhead volume.
(c)[7]
Prepare a statement that reconciles the flexible budgeted profit you calculated in (a) with the actual profit. Begin your statement with the flexible budgeted profit.
(d)[7]
Advise the directors which supplier to select. Support your answer with calculations and relevant justification.