Bullseye Company manufactures dartboards. Its standard cost information follows:

Standard Quantity Standard Price $($Rate$)$ Standard Unit Cost

Direct materials $($cork board$)3\mathrm{.}50$ square feet $ $2\mathrm{.}40$ per square feet $ $8\mathrm{.}40$

Direct labor $1$ hour $ $11\mathrm{.}00$ per hour $11\mathrm{.}00$

Variable manufacturing overhead $($based on direct labor hours$)1$ hour $ $0\mathrm{.}65$ per hour $0\mathrm{.}65$

Fixed manufacturing overhead $($$$58,500-$: $130,000$ units$)0\mathrm{.}45$

Bullseye has the following actual results for the month of September:

Number of units produced and sold $110,000$

Number of square feet of corkboard purchased and used $400,000$

Cost of corkboard used $ $1,000,000$

Number of labor hours worked $125,000$

Direct labor cost $ $1,262,500$

Variable overhead cost $ $72,000$

Fixed overhead cost $ $54,000$

Required:

Calculate the direct materials price, quantity, and total spending variances for Bullseye.

Calculate the direct labor rate, efficiency, and total spending variances for Bullseye.

Calculate the variable overhead rate, efficiency, and total spending variances for Bullseye.Required:

Calculate the direct materials price, quantity, and total spending variances for Bullseye.

Calculate the direct labor rate, efficiency, and total spending variances for Bullseye.

Calculate the variable overhead rate, efficiency, and total spending variances for Bullseye.

Complete this question by entering your answers in the tabs below.

Calculate the direct materials price, quantity, and total spending variances for Bullseye.

Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value $($positive

number$)$ and then use the drop$-$down menu to indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for

unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$