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"Direct-labor rates include employee benefits. tApplied on the basis of direct-labor hours. Auntie's management accountant, Leopoldo Snchez, prepares monthly budget reports based on these stanc April's contribution report, which compares budgeted and actual performance, is shown in the following schec Caimile Amoah, president of the company, is disappointed with the results. Despite a sizable increase in the cookies sold, the product's expected contribution to the overall profitability of the firm decreased. Amoah has Sanchez to identify the reason why the contribution margin decreased. Sanchez has gathered the following int help in his analysis of the decrease. 4. What is the total variance between the flexible budget contribution margin and the actual contribution margin in the prepared for part 1? Calculate the total contribution margin variance by computing the following variances. (Assume th are used in the month of purchase.). Note: Do not round your intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or Select "None" and enter " 0 " for no effect (i.e., zero variance). cookies sold, the product's expected contribution to the overall profitability of the firm decreased. Amoah has asked Sanchez to identify the reason why the contribution margin decreased. Snchez has gathered the following information to help in his analysis of the decrease. 2. What is the total contribution margin in the flexible budget column of the new report prepared for part (1)? Note: Do not round your intermediate calculations. Round your final answer to the nearest whole dollar amount. Total contribution margin Required informotion [The following information applies to the questions displayed below] Auntie's Molly's Old Fashioned Cookies bakes cookies for retail stores. The company's best-selling cookie is chocolate nut supreme, which is marketed as a gourmet cookie and regularly sells for $8.00 per pound. The standard cost per pound of chocolate nut supreme, based on Auntie's Molly's normal monthly production of 360,000 pounds, is as follows: Cost Item Direct materials: Cookie mix Milk chocolate Alnonds Oirect labor:* Mixing Baking Quantity 10 ounce 5 ounce 1 ounce 1 minutes 2 minutes 3 minutes. Standard Unit Cost 5. 0.69 per ounce 0.22 per ounce 0.57 per ounce 14.40 per hour 24,00 per hour Vartable overhead Total standard cost per pound 38.40 per direct-1obor hour Total cost 50.90 1.10 0.57 5. 0,24 $1.92 5,5,53 -Direct-abor rates include employee benefits. tApplied on the basis of direct-labor hours. Auntie's management accountant, Leopoldo Sanchez, prepares monthly budget reports based on these standard costs. April's contribution report, which compares budgeted and actual performance, is shown in the following schedule Total variable costs S 2,207,538 Required: 1. Prepare a new contribution report for April, in which: - The static budget column in the contribution report is replaced with a flexible budget column. - The variances in the contribution report are recomputed as the difference between the flexible budget and a Note: Do not round your intermediate calculations. Indicate the effect of each variance by selecting "Favora Select "None" and enter "O" for no effect (i.e., zero voriance)

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