(a)[3]
Prepare the fixed budget for August and show the budgeted profit.
(b)[2]
Explain why a business produces a flexible budget statement.
(c(i))[2]
Calculate the following variances for fixed overhead expenditure.
(c(ii))[3]
Calculate the following variances for fixed overhead volume.
(d(i))[4]
Explain the likely causes for the adverse variances of the total direct material cost.
(d(ii))[4]
Explain the likely causes for the adverse variances of the total direct labour cost.
(e)[7]
Advise the directors whether they should switch to the overseas supplier or not. Justify your answer.