a. Paepare a variance analysis for each vaciable cost for each product b. Prepare a fired overhead varlance analysis for each product. Note: For all requirements, Do not round intermediate calculotions. Indicate the effect of acch varionce by selecting "F" for favorable, or "U" for unfevorable. If there is no effect, do not select either option. Required: o. Prepare a variance analysis for each varlable cost for eoch product b. Prepare a fixced overhead yarlance analysis for each product. Note: For all requirements, Do not round intermediate calculations, Indicate the effect of each verience by swiecting "F- fer. favorable, or "U" for unfavorable. If there is no effect, do not select either option. o. Prepare a variance analysis for each variable cost for each product. b. Prepare a fixed overhead variance analysis for each product. Note: For all requirements, 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. Rohimwood Fixtutes manufactures two products. K4 and X7. The company prepares its master budget on the basks of standard costs. The following data are for September: Required: o. Prepare a variance analysis for each varlable cost for each product. b. Prepare a fixed overhead variance analysis for each product. Note: For all requirements, Do not round intermediote calculetions. Indieate the effect of each variance by salecting "F" for foverable, or "U" for unfavarable. If there is no effect, do not select either option. 8 Answer is complete but not entirely correct. obinwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget o he following data are for September: required: a. Prepare a variance analysis for each variable cost for each product. b. Prepare a fixed overhead variance analysis for each product. Note: For all requirements, Do not round intermediate calculations. Indicate the effect of each variance by favorable, or "U" for unfavorable. If there is no effect, do not select either option. the basis of standard costs. X7 1 pound at $7.40 per pound 1.50 hours at $30 per hour $21.80 $492,240 23,440 14,140 pounds at $7.70 per pound 22,240 hours at $31.40 per hour $458,212 $489,880 14,440 units by selecting "F" for entirely correct