Anders Clothing manufacturers embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket:

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Anders Clothing manufactures ambroidered jackets. The oompary usos a standard cost systom to contral manufacturing conta. The following duta represent the standard unit cost of a jocket: (Click the icon to view the oot data.) Read the reaulroments. Requirement 1. Compute the price and quantly variances for direct muterials. (Eritor the varanses ne ponitive numben. Fintine curroncy ainounta to the rearont cont and your antaen. Begin by determining the formula for the peice variarce, then compute the proe variance for dinct materials. Data table Fixed overhead in total was budgeted to be $63,460 for each month. Actual data for November of the current year include the following: a. Actual production was 13,600 jackets. b. Actual direct materials used was 2.70 square feet per jacket at an actual cost of \$4.15 per square foot. (Assume the direct materials purchased is the same as the direct materials used.) c. Actual direct labor usage of 24,480 hours for a total cost of $235,008. d. Actual fixed overhead cost was $55,748, while actual variable overhead cost was $20,808. Requirements 1. Compute the price and quantity variances for direct materials. 2. Compute the rate and efficiency variances for direct labor. 3. Compute the rate and efficiency variances for variable overhead. 4. Compute the fixed overhead budget variance and the fixed overhead volume variance. 5. Company management intentionally purchased superior materials for November production. How did this decision affect the other cost variances? Overall, was the decision wise? Explain. 6. Journalize the usage of direct materials and the assignment of direct labor, including the related variances