3 of 5 (0 complete) Data Table the - X Standard Cost Information Direct Materials Quantity Cost 2 parts $ 0.15 per part 0.02 hours 7.00 per hour 0.02 hours 9.00 per hour fy wh st: SC Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead ($31,360 for static budget volume of 98,000 units and 1,960 hours, or $16 per hour) Actual Cost Information Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead (211,000 parts @ $ (1,660 hours @ $ $ 42,200 0.20 per part) 7.15 per hour) 11,869 8,000 26,000 ter an Print Done Clear All Check Ans 090 ses. During September 2016, the company produced and sold 108,000 cases and re efficiency variances for direct materials and direct labor. * Requirements 1. 2. Compute the cost and efficiency variances for direct materials and direct labor. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. SoundSmart's management used better quality materials during September. Discuss the trade-off between the two direct material variances 3. Print Done y number in the input fields and then click Check Answer. Clear All Che CUPC: U OF Ipt 3 of 5 (0 complete) HW Score: 0%, 0 of 5 P23-27A (similar to) Question Help SoundSmart manufactures headphone cases. During September 2016, the company produced and sold 108,000 cases and recorded the following cost data: (Click the icon to view the cost data.) 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). (Abbreviations used: AC = actual cost; AQ = actual quantity: FOH = fixed overhead: SC - standard cost; SQ standard quantity.) Formula Variance Direct materials cost variance Direct labor cost variance Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining Clear All Check