Chegg Help: Urgent

Please help me answer the highlighted areas in these three problems as quick as possible, thank you!

PROBLEM #$1$: Direct Materials and Direct Labor Variance Analysis

Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has $30$ employees. Each employee presently provides $32$ hours of labor per week. Information about a production week is as follows:

Standard number of lbs$.$ of brass $2$ lbs$.$

Standard price per lb$.$ of brass $$12\mathrm{.}75$

Standard wage per hour $$15\mathrm{.}00$

Standard labor time per unit $15$ min.

Actual price per lb$.$ of brass $$13\mathrm{.}00$

Actual lbs$.$ of brass used during the week $17,922$ lbs$.$

Number of units produced during the week $8,700$

Actual wage per hour $$15\mathrm{.}45$

Actual hours for the week $(30$ employees $\backslash$times $32$ hours$)960$

Required:

a$.$ Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places.

Direct materials standard cost per unit $$\_\_\_\_\_\_\_\_$

Direct labor standard cost per unit $$\_\_\_\_\_\_\_\_$

Total standard cost per unit $$\_\_\_\_\_\_\_\_$

b$.$ Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Direct Materials Price Variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

Direct Materials Quantity Variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

Total Direct Materials Cost Variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

c$.$ Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Direct Labor Rate Variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

Direct Labor Time Variance $$\_\_\_\_\_\_\_\_$ Favorable $$

Total Direct Labor Cost Variance $$\_\_\_\_\_\_\_\_$ Favorable $$

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

PROBLEM #$2$: Flexible Budgeting and Variance Analysis

Sharon$$s Delights Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available:

Standard Amount per Case Dark Chocolate Standard Amount per Case Light Chocolate Standard Price per Pound

Cocoa $9$ lbs$.6$ lbs$.$ $$4\mathrm{.}70$

Sugar $7$ lbs$.11$ lbs$.0\mathrm{.}60$

Standard labor time $0\mathrm{.}4$ hr$.0\mathrm{.}5$ hr$.$

Dark Chocolate Light Chocolate

Planned production $4,900$ cases $12,700$ cases

Standard labor rate $$14\mathrm{.}00$ per hr$.$ $$14\mathrm{.}00$ per hr$.$

Sharon$$s Delights Chocolate Company does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, Sharon$$s Delights Chocolate Company had the following actual results:

Dark Chocolate Light Chocolate

Actual production $($cases$)4,70013,200$

Actual Price per Pound Actual Quantity Purchased and Used

Cocoa $$4\mathrm{.}80122,100$

Sugar $0\mathrm{.}55173,600$

Actual Labor Rate Actual Labor Hours Used

Dark chocolate $$13\mathrm{.}60$ per hr$.1,710$

Light chocolate $14\mathrm{.}40$ per hr$.6,760$

Required:

$1.$ Prepare the following variance analyses for both chocolates and the total, based on the actual results and production levels at the end of the budget year:

a$.$ Direct materials price variance, direct materials quantity variance, and total variance.

b$.$ Direct labor rate variance, direct labor time variance, and total variance.

Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

a$.$ Direct materials price variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

Direct materials quantity variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

Total direct materials cost variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

b$.$ Direct labor rate variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

Direct labor time variance $$\_\_\_\_\_\_\_\_$ Favorable $$

Total direct labor cost variance $$\_\_\_\_\_\_\_\_$ Unfavorable $$

$2.$ The variance analyses should be based on the standard $$ amounts at actual $$ volumes. The budget must flex with the volume changes. If the actual $$ volume is different from the planned volume, as it was in this case, then the budget used for performance evaluation should reflect the change in direct materials and direct labor that will be required for the actual $$ production. In this way, spending from volume changes can be separated from efficiency and price variances.

$$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

PROBLEM #$3$: Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis

Santiago Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of $70,000$ units of product were as follows:

Standard Costs Actual Costs

Direct materials $217,000$ lbs$.$ at $$5\mathrm{.}40$ per lb$.214,800$ lbs$.$ at $$5\mathrm{.}30$ per l