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:

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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…

Alpine Productions uses a standard cost system for recording transactions. Alpine reported the following data for the year ended December 31:Sales revenues: $800,000Cost of goods sold (standard costing): $382,000Selling & administrative expenses: $105,000Variances: Sales revenue variance $4100 F Direct materials cost variance 30 U Direct materials efficiency variance 300 F Direct labor cost variance 65 U Direct labor efficiency variance 10 F Variable overhead cost variance 300 U Variable overhead efficiency variance 80 F Fixed overhead cost variance 430 U Fixed overhead volume variance 100 F What is the net operating income on a standard cost income statement? Group of answer choices $312,665 $421,765 $316,765 $313,000

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

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