23-can someone help me?

X P23-28A similar to) Stenback manufactures coffee mugs that it sells to other companies for customizing with their own logos. Stenback prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 60,100 coffee mugs per month: E: (Click the icon to view the cost data.) Actual cost and production information for July 2018 follows: (Click the icon to view actual cost and production information Read the requirements. Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). FOH = fixed overhead; SC = standard cost, SQ = standard quantity.) Formula Variance Direct materials cost variance = (AC-SC) X AQ = 1440 F Direct labor cost variance = (AC-SC) X AQ = (5784) U $ 0.05 0.42 Direct Materials (0.2 lbs @ $ 0.25 per lb) Direct Labor ( 3 minutes @ $ 0.14 per minute) Manufacturing Overhead: Variable ( 3 minutes @ $ 0.06 per minute) Fixed ( 3 minutes @ $ 0.13 per minute) Total Cost per Coffee Mug $ 0.18 0.39 0.57 1.04 $ a. There were no beginning or ending inventory balances. All expenditures were on account b. Actual production and sales were 62,800 coffee mugs. C. Actual direct materials usage was 10,000 lbs. at an actual cost of $0.17 per ib. d. Actual direct labor usage was 201,000 minutes at a total cost of $32,160. e. Actual overhead cost was $8,040 variable and $32,860 fixed. Selling and administrative costs were $110,000 Print Done