Bonita, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Standard Price Standard Cost Standard Quantity 2.00 yards $3 per yard $6.00 Direct materials Direct labor Variable overhead 0.75 DLH $14 per DLH $3.20 per DLH 10.50 0.75 DLH 2.40 Fixed overhead $3 per DLH 0.75 DLH 2.25 $21.15 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, Sandy asked CFO Suzy Summers for more information. She provided the following overhead budgets, along with the actual results for November The company purchased 81,000 yards of fabric and used 92,600 yards of fabric during the month. Fabric purchases during the month were made at $2.80 per yard. The direct labor payroll ran $447,125, with an actual hourly rate of $12.25 per direct labor hour. The annual budgets were based on the production of 590,000 shirts, using 440,000 direct labor hours. Though the budget for November was based on 44,500 shirts, the company actually produced 41,000 shirts during the month Variable Overhead Budget Annual Budget Per Shirt November-Actual Variable Overhead Budget Annual Budget Per Shirt November-Actual Indirect material $454,000 $1.20 $49,400 Indirect labor 301,000 0.75 31,100 Equipment repair 199,000 0.30 20,400 Equipment power 53,000 0.15 7,500 Total $1,007,000 $2.40 $ 108,400 Fixed Overhead Budget Annual Budget November-Actual Supervisory salaries $262,000 $21,800 Insurance 345,000 27,000 Property taxes 85,000 6,700 Depreciation 316,000 25,800 Utilities 212,000 20,800 Quality inspection 280,000 24,500 Total $1,500,000 $126,600 (a) Calculate the direct materials price and quantity variances for November. (If variance is zero, select "Not Applicable and enter O for the amounts.) Direct material price variance $ Direct material quantity variance $ (b) Calculate the direct labor rate and efficiency variances for November. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter for the amounts.) Direct labor rate variance $ Direct labor efficiency variances (c) Calculate the variable overhead spending and efficiency variances for November. (Round answers to decimal places. es. 125 If variance is zero, select "Not Applicable and enter for the amounts.) Variable overhead spending variance $ Variable overhead efficiency variance $ (d) Calculate the fixed overhead spending variance for November. (Round answer to O decimal places, e.3. 125. If variance is zero, select "Not Applicable and enter o for the amounts.) Fixed overhead spending variance $ e Textbook and Media