6 Problem 16-71 (Algo) Find Actual and Budget Amounts from Variances (LO 16-5, 6) 10 points JEW Corporation manufactures a new electronic game console. The current standard cost sheet for a game console follows Direct materials, ? kilograms at 56 per tallopran Direct labor, 0.75 hours at per hour Overhead, 0.75 hours at per hour Total costs $ per came > per me 2 per can $ 39 per me Book Assume that the following data appeared in J&W's records at the end of the past month. Reforences Actual production Actual Sales Materials (120,500 kilograms) Materials price variance Materials efficiency variance Direct labor price variance Direct labor 1,000 hours) Under applied overhead (total) 44,000 units 41,000 units 2 47,200 23,400 U 15,600 533,200 18,000 There are no materials inventories, Required: --1. Complete the standard cost sheet for a game console given below. -2. Prepare a variance analysis for direct materials and direct labor b. Assume that all production overhead is fixed ond that the $18.800 underapplied is the only overhead variance that can be computed What are the actual and applied overhead amounts? Materials price variance Materials efficiency variance Direct labor price variance Direct labor (31,000 hours) Under applied overhead (total) 47.000 U 23,400 U 18,600 U 533,200 18,800 U There are no materials inventories, Required: -1. Complete the standard cost sheet for a game console given below. 2-2. Prepare a variance analysis for direct materials and direct labor b. Assume that all production overhead is fixed and that the $18,800 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Req Complete the standard cost sheet for a game console given below. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Direct materials Direct labor 0.75 hours at Overhead, 0.75 hours at Total costs kilograms at S6 per kilogram per hour per hour per game per game per game 39 per game $ Req A2 > There are no materials inventories Required: 8-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor b. Assume that all production overhead is fixed and that the $18,800 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Red B Prepare a variance analysis for direct materials and direct labor. (Do not round Intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect do not select either option.) Direct materials: Price vanance Efficiency vanance Direct inbor Price vanance Emcency variance