Cole manufactures coffee mugs that it is to other companies for customizing with their own logos Cole prepares Actual cost and production information for July 2018 follows: Bexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee A d mugis based on a budget volume of 59,700 coffee mugs per month More info Co the icon to view the cost data) Requirement 1. Compethe cost and efficiency variances for direct materials and direct labor Begin with the con variances Select the required formulas, compute the cost a nces for direct materials and direct labor Cont a ct us FOHfed overhead: SC andand cost S andard quantity) a. There were no beginning or ending invertory balances Alexpenditures were on account b. Actual production and sales were 2.400 coffee mugs c. Actual direct ma s sage was 10.000 at an actual cost of $0.17 perib d. Actual direct labor usage 203.000 minutes at a total cost of $30,450 Actual overhead cost was $11,165 variable and 5.29335 Selling and administrative costs were $ 130,000 (AC-SCAD Direct materiale con variance Deborot varande r Select the required forms FOH toe overhead O compute thei ndard consta varices for direct materials and direct labor and iden ndard cany) Daca ency wiance - TAD SOTO TADOS of and the Der M0 02 Tequiremen 2. Journal purchase men of direct labor, inch Mancino Overhead 3 ms 50. 000 Begin by yournalizing the purchase of cred materials incluang no related variance Preparashgle compound your Cole manufactures coffee mugs that it is to other companies for customizing with their own logos Cole prepares Actual cost and production information for July 2018 follows: Bexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee A d mugis based on a budget volume of 59,700 coffee mugs per month More info Co the icon to view the cost data) Requirement 1. Compethe cost and efficiency variances for direct materials and direct labor Begin with the con variances Select the required formulas, compute the cost a nces for direct materials and direct labor Cont a ct us FOHfed overhead: SC andand cost S andard quantity) a. There were no beginning or ending invertory balances Alexpenditures were on account b. Actual production and sales were 2.400 coffee mugs c. Actual direct ma s sage was 10.000 at an actual cost of $0.17 perib d. Actual direct labor usage 203.000 minutes at a total cost of $30,450 Actual overhead cost was $11,165 variable and 5.29335 Selling and administrative costs were $ 130,000 (AC-SCAD Direct materiale con variance Deborot varande r Select the required forms FOH toe overhead O compute thei ndard consta varices for direct materials and direct labor and iden ndard cany) Daca ency wiance - TAD SOTO TADOS of and the Der M0 02 Tequiremen 2. Journal purchase men of direct labor, inch Mancino Overhead 3 ms 50. 000 Begin by yournalizing the purchase of cred materials incluang no related variance Preparashgle compound your