(Standard process costing, variances) Microtech Products manufactures 3.5-inch preformatted computer disks and uses a standard process costing system. All material is added at the start of production and labor and overhead are incurred equally throughout the process. The standard cost of one disk is

a. What cost is carried as the September beginning balance of Work in Process Inventory?

b. What cost is carried as the September ending balance of Work in Process Inventory?

c. What cost is transferred to Finished Goods Inventory for September?

d. What are the total direct material, direct labor, and overhead variances for September?LO1

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Direct material Direct labor $.13 .02 Overhead .11 Total cost $.26