Actual cost and production information for July 2018 follows: (Click the icon to view actual cost and production information.) Read the requirements. Cole manufactures coffee mugs that it sells to other companies for customizing with their own logos. Cole prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 60,000 coffee mugs per month: Click the icon to view the cost data.) Accounts Payable = Cost of Goods Sold Cole manufa exible budg Direct Labor Cost Variance s based on Click th Direct Labor Efficiency Variance customizing with their ow cturing costs. The standa Direct Materials Cost Variance Begin with ti actual quant Direct Materials Efficiency Variance e the cost variances for di andard quantity.) Variance $ 800 $ 6,000 irect materials and direct la Finished Goods Inventory Direct mate Direct labor Fixed Overhead Cost Variance Select there Fixed Overhead Volume Variance overhead: s Manufacturing Overhead Direct mate Raw Materials Inventory Direct labor Variable Overhead Cost Variance Requireme: Begin by jou Variable Overhead Efficiency Variance Vari. = $ E SC 11 $ 1,6 ials and the assignment of d related variance. (Prepare a Date Various Accounts Debit Credit Jul. Help me solve this Demodocs example Get more help Foru Variance Direct mais eficiency variance (AD-10) - SC 635 F Direct labore ency variance 1AQ30) SC 1.00u Requirement 2. Journalue the purchase and age of direct materials and the assignment of direct labor, including the mate variance Records, the credite Select the explanation on the last time of the many title) Begin by dumating the purchase of direct materials, including the related variance (Prepare ang compound marty) Date Accounts and explanation Deb Crede