Particulars Total actual direct materials cost Total actual direct labor cost Total actual variable manufacturing overhead Amount $64,800 $52,200 $24,360 The company used 21,600 yards of materials to produce 3,600 unis of handbags. Materials purchased during the month were used in production. Requirement: Determine the direct materials price variance and direct labor eficiency vaiance. (Rousd all he ntemuediste caleslations to 2 decimal places) Direct materials price variance is $9,504 U and direct labor efficiency variance is $1,440 U. Direct materials price variance is $3,640 U and direct labor efficiency variance is $240U. Direct materials price variance is $9,504 F and direct labor efficiency variance is $1,440 F. Direct materials price variance is $3640 F and direct labor efficiency variance is $240F. A company's standard cost system requires 7,000 direct labor hours per month jg. qtler taproduce 3,500 units of handbags. The management has set 2 standard of using 4.3 yards of direct materials per unit of handbag. Information regarding standard costs is mentioned below: Particulars Total standard direct materials cost Total standard direct labor cost Total standard variable manufacturing overhead (based on direct labor-hours) Amount $54,250 $42,000 $18,200 During November, the company produced 3,600 wits of handbags using 6 960 direct labor hours. Actual cots recordad isthe month of Novemb are ss allows:

Subject:- accounting

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A manufactured product has the following information for June. Standard Quantity and Coat 7 pounds 3 DLH 58 per pound 3 DLH Direct materials Direct labor Overhead Unita manufactured AH Actual Hours SH Standard Hours AR Actual Rate. SR Standard Rate $16 per DLH $11 per DL Actual Cost Actual Resulta 50,900 pounds 21,200 hours $ 243,000 7,200 unita Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour answers to 2 decimal places.) $8.20 per pound $16.60 per hour Standard Cost

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Standards: 3 yards of cloth per unit at $1.15 per yard 2 direct labor hours per unit at $10.75 per hour Overhead allocated at $5.00 per direct labor hour Actual: 2,300 yards of cloth were purchased at $1.20 per yard Employees worked 1,700 hours and were paid $10.25 per hour Actual variable overhead was $1,600 Actual fixed overhead was $6,700   Direct materials cost variance $115 U Direct materials efficiency variance 805 F Direct labor cost variance 850 F Direct labor efficiency variance 3,225 F Variable overhead cost variance 1,600 U Variable overhead efficiency variance 1,600 F Fixed overhead cost variance 700 U Fixed overhead volume variance 2,400 F     Begin by journalizing the purchase of direct materials on​ account, including the related variance. ​(Prepare a single compound journal​ entry.)   Date Accounts and Explanation Debit Credit

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Using the following information                 Actual direct labor hours used,                                           4,700               Contracts served                                                                    1,500               Standard hours per contract served                                          3               Budgeted variable overhead per standard DL hour        Ph   2               Actual variable overhead incurred                                     Ph 9,500   Required: Compute (1) variable overhead efficiency variance                                     (2) variable overhead spending variance   Xo Co. uses a predetermined factory overhead application rate based on direct labor cost.  For the year ended December 31, Xo's budgeted factory overhead was P600,000 based on a budgeted volume of 50,000 direct labor hours at a standard direct labor rate of P6 per hour.  Actual factory overhead amounted to P620,000 with actual direct labor cost of P325,000.  For…

Instruction: a. Compute for the factory overhead variance b. Make the journal entries that relate to the factory overhead 19F.