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Can you please provide steps? ture Company makes wooden furniture. The following materials standards have been established Sor their most popular bar stool: Standard quantity

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ture Company makes wooden furniture. The following materials standards have been established Sor their most popular bar stool: Standard quantity per unit of outpat Standard Price of Material 1.7 board feet $ 19.80 board foot The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 5,800 board feet S 111,530 5,100 board feet 3,200 units 14 What was the purchase price variance for the month? 3,310 Unfavorable S 3,310 Favorable S 6,732 Unfavorable S 6,732 Favorable None of the above Topeka Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead. The following information relates to production for last year: Variable Fixed Total budgeted overhead (at the denominator level of activity) Total applied overhead Total actual overhead 432,000 S 684,000 S 410,400 S 649,800 S 456,000 S 655,500 The standard machine-hours allowed for actual output during the year were 7,600. The actual machine-hours incurred were 7,500 What was Topeka's variable overhead efficiency variance? 15 $21,600 Favorable $51,000 Unfavorable S5,400 Favorable S5,472 Unfavorable None of the above Page 9 of 12

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