Can someone do this please and thank you

P23-28A (similar to) Actual cost and po (Click the ico Read the requirer Cole manufactures coffee mugs that it solls 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 59,800 coffee mugs per month (Click the icon to view the cost data.) Direct materials cost variance (AC-SC) AQ $ 800 F Direct labor cost variance (AC-SC) AQ $ 3,960 U Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identify whether each variance is favorable (F) standard cost SQ = standard quantity) Formula Variance Direct materials efficiency variance (AQ - SQ) SC S 625 F Direct labor efficiency variance (AQSQ) SC 1,4700 Requirement 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances. (Record Begin by journalizing the purchase of direct materials including the related variance (Propare a single compound journal entry) Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. 10 parts Clear All remaining ete) - Data Table cost and product Click the icon to vie $ 0.05 0.42 the requirements Direct Materials (0.2 lbs @ $0.25 per lb) Direct Labor (3 minutes @ $0.14 per minute) Manufacturing Overhead: Variable (3 minutes @ $0 04 per minute) Fixed (3 minutes @ $0.13 per minute) $ 0.12 0.39 0.51 favorable (F) or unt 0.98 Total Cost per Coffee Mug 1 * More Info es (Record a. There were no beginning or ending inventory balances. All expenditures were on account b. Actual production and sales were 62,500 coffee mugs c. Actual direct materials usage was 10,000 lbs at an actual cost of $0.17 per lb. d. Actual direct labor usage was 198,000 minutes at a total cost of $31,680 Actual overhead cost was $6,930 variable and $33,570 fixed f. Selling and administrative costs were $115,000. e. Print Done