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Can you please help? thank you Problem 2 (30 points): The Sampleton Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing

Can you please help? thank you

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Problem 2 (30 points): The Sampleton Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2012, Sampleton adopted the following standards for its manufacturing costs: Cost per input output unit Direct materials 4 pounds at $7 per pound $ 28.00 Direct manufacturing labor 3 hrs. at $17 per hr. $ 51.00 Manufacturing overhead Variable $8 per DLH $ 24.00 Fixed $5 per DLH $ 15.00 Standard manufacturing cost per output unit $118.00 Sampleton's budgeted fixed manufacturing overhead for January 2012 was based on 45,000 direct manufacturing labor-hours. The records for January indicated the following: Direct materials used 25, 100 pounds at $6.35 per pound Direct manufacturing labor 34,200 hrs. at $18.75 per hr. Total actual manufacturing overhead (variable and fixed) $500,000 Actual production 9,800 output units Required: 1) Prepare a schedule of total standard manufacturing costs for the 9,800 output units in Jan. 2012 2) For the month of January 2012, compute the following variances, indicating whether each is favorable (F) or unfavorable (U): a. Direct materials price variance b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Variable manufacturing overhead efficiency variance f. Production-volume variance g. Total manufacturing overhead spending variance

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