A- Calculate the variable overhead spending and efficiency variances for November

Variable overhead spending variance$

Variable overhead efficiency variance

B- Calculate the fixed overhead spending variance for November.

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Coronado, Ltd. manufactures shirts, which It sells to customers for embrolderlng with various slogans and emblems. The standard cost card for the shirts Is as follows. Slandll'd Prlce standard Quantity standard cant Direct materlals $4 per yard 1.50 yards $5.00 Direct labor $12 per DLH 0.50 DLH 6.00 Varlable overhead $4 per DLH 0.50 DLH 2.00 xed overhead $5 per DLH 0.50 DLH 3.00 W Sandy Robison, operations manager, was reviewing the results for November when he became upset by the unfavorable variances he was seeing. In an attempt to understand what had happened, Sandyr asked CFO Suzy Summers for more information. She provided the followlng overhead budgets, along with the actual results for November. The company purchased and used 50,400 yards of fabric during the month. Fabrlc purchases during the month were made at $3.90 per yard. The dlrect labor payroll ran $317,275, with an actual hourly rate of $12.25 per dlrect labor hour. The annual budgets were based on the production of 48,000 shlrts, using 245,000 dlrect labor hours. Though the budget for November was based on 49,500 shlrts, the company actually produced 51,500 shirts during the month. Varlahle Overhead Budget Annual Budget Per Shlrt NovemberActual Indirect materlal $453,000 $0.90 $48,900 Indirect labor 305,000 0.60 31,300 Equipment repalr 203,000 0.40 20,?00 Equipment power 49,000 0.10 5,900 Total $1,010,000 $2.00 $103,300 Fixed Overhead Budget Annual Budget Novemberml Supervisory alarles $256,000 $21,200 Insurance 345,000 22,300 Property taxes 83,000 6,400 Depreciation 325,000 25,900 Utilities 211,000 20,900 Quality Inspection 280,000 24,500 Total $1,500,000 $126,200 (I) calculate the direct materials price and quantityr variances for November. (I! variance :5 zem, select "Nat Appucabfe" and enter 0 for the amounts.) " 3040 * Direct materlal price variance $ - kl Direct materlal quantity varlance $ w W. (b) Calculate the direct labor rate and efciency variances for November. (Round answers to 0 decimal places, e.g. 125. vaaniance Is zero, select \"Not Applicable" and enter 0 for the amunts.) Direct labor rate variance $ m Direct labor rate variance Direct labor e'iclencv varianpe (:3 Calculate the variable overhead spending and efficiency variances for November. (Round answers to 0 declmal places, e.g. 125. If varlance ls zero, select "Not Appllcable" and enter 0 for the amounts.) variable overhead efciency variance 3 (d) Calculate the xed overhead spending variance for November. (Round answer to 0 decimal places, e.g. 125. vaarlance ls zero, select \"Not Appllcable\" andI enter 0 lb! the amounts.) 125 000 Fixed overhead spending variance $