14.16 moodle.hitsa.ee Telia EE (p. 1160) What insights can Nambes managers draw from this per- formance report? 119s Flexible Budgets and Standand Costs ing P23-338 Mancini manufactures embroidered ackets. The company prepares flex- ible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a acket is based on static budget volume of 14,000 jackets per month: Direct materials (3.0 sq$4.00 per sq, f Direct laboe 12 hours $9.40 per hour) 12.00 18.80 51.30 Variable 2 hours 50.63 per hourl Fixed (2 hoers$2.20 per hou Tocal cost Actual cost and production information a. Actual production was 13,600 jackets b. Actual direct materials usage was 2.8 square feet per jacket, at an actual price of $4.10 per square foot. c. Actual direct labor usage of 25,000 hours at a total cost of $237,500. d. Total actual overhead cost was $79,000. Requirements 1. Compute the price and elficiency variances for direct materials and 2. Journalize the usage of direct materials and the assignment of direce 3. For manafacturing overhead, compute the total variance direct labor. (pp. 1168, 1170) labor, including the related variances.(pp. 1175, 1177) budget variance, and the production volume variance.Hint Remember that the fixed overhcad in the flexible budget equals the fixed overhead in the static budget.) (pp. 1173, 1174) 4. Mancini's management intentionally purchased superior materials for November production. How did this decision affect the cost ar- ances? Overall, was the decision wise? (p. 1171) P23-34B Pecos Pecan Pads makes pressed pecan wood covers to prevent weed growth. During July 2009, the company produced and sold 44,000 rolls