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clear answers thank you Whispering Winds Company has developed the following standard costs for its product for 2022; WHISPERING WINDSCOMPANY Standard Cost Card Standard Price
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Whispering Winds Company has developed the following standard costs for its product for 2022; WHISPERING WINDSCOMPANY Standard Cost Card Standard Price Standard Cost Product A Cost Component Direct materials Direct labor Manufacturing overhead Standard Quantity 4 pounds $3 $12 3 hours 24 3 hours 4 12 $48 The company expected to produce 31.700 units of Product A in 2022 using 95,900 direct labor hours . Actual results for 2022 are as follows: 33,000 units of Product A were produced Actual direct labor costs were $794,580 for 96,900 direct labor hours worked. Actual direct materials purchased and used during the year cost $369,875 for 134,500 pounds. Actual variable overhead incurred was $165,000 and actual fixed overhead incurred was $220,000 . . Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable Actual variable overhead incurred was $165,000 and actual fixed overhead incurred was $220,000 Compute the following variances showing all computations to support your answers. Indicate whether the unfavorable. (a) Materials Quantity Variance (b). Total Direct Labor Variance (c) Direct Labor Quantity Variance (d) Direct Materials Price Variance (e) Total Overhead Variance $ $ (A Step by Step Solution
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