1A answer format

1B Format

This is a long question. But it is ONE question divided into 2 parts. I'm aware of the chegg policy and whenever I post questions like these, my answers always return to me partially. It's unfair. Because I paid for this service. Again, this is ONE question. So please answer my question. Thank you.

1. (14) Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: (1B) Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costerand has established the following standards for the Maze toy: Standard Hours 27 minutes Standard Rate Standard Cost $6.40 $2.88 per Hour Direct materials: 7 microns per toy at $0.30 per micron Direct labor: 1.2 hours per toy at $6.50 per hour During July, the company produced 4,900 Maze toys. The toy's production data for the month are as follows: During August, 9.530 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $59.086 for the month. Direct materials: 72.000 microns were purchased at a cost of $0.28 per micron: 29.125 of these microns were still in inventory at the end of the month. Direct labor: 6,380 direct labor-hours were worked at a cost of $45.936. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,400 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19,400 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company incurred $47,650 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. Required: 1. Compute the following variances for July: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount.) a. The materials price and quantity variances. b. The labor rate and efficiency variances. (For requirements 3 through 5, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1 Standard labor-hours allowed 2 Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance Labor efficiency variance 5. Variable overhead rate variance Variable overhead efficiency variance Material price variance Material quantity variance Labor rate variance Labor efficiency variance