3 10 points eBook The standards for one case of liquid weed killer are as follows: Direct materials Direct labor Variable overhead (based on machine hours) During the week ended May 6, the following activity took place: 4,360 machine hours were worked. 22,800 pound of raw material were purchased for inventory at a total cost of $174,420. 3,800 cases of finished product were produced. 22,580 pound of raw material were used. 6 pound @ $7.50 per pound 3.6 hour @ $16.00 per hour 1.2 hour @ $5.50 per hour 13,440 labor hours were worked at an average rate of $16.25 per hour. $23,108 actual variable overhead costs were incurred. Required: Calculate each of the following variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). a. Price variance for raw materials purchased. b. Raw materials usage variance. c. Direct labor rate variance. d. Direct labor efficiency variance. e. Variable overhead spending variance. f. Variable overhead efficiency variance.

The standards for one case of liquid weed kllier are as follows: During the week ended May 6, the following activity took place: 4. 350 machine hours were worked. 22, 800 pound of raw material wore purchased for inventory at a total cost of $174,420. 3,800 cases of finished product were produced. 22,580 pound of raw material were used. 13.440 labor hours were worked at an average rate of $16.25 per hour. $73.108 actual variable overherad costs were incurred. Required: Calculate each of the following variances Note: Do not round intermediate calculations, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance)