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Comprehensive Piedmont Manufacturing produces metal products with the following standard quantity and cost information: Overhead rates were based on normal montnly capacity of 6,000 machine

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Comprehensive Piedmont Manufacturing produces metal products with the following standard quantity and cost information: Overhead rates were based on normal montnly capacity of 6,000 machine hours. During November, the company produced only 850 units because of a labor strike, which occurred during union contract negotiations. After the dispute was settled, the company scheduled overtime to to meet regular production levels. The following costs were incurred in November: a. Determine the following variances for novemuer. Note: Do not use negative signs with your answers. a. Total material price variance $ b. Total material usage (quantity) variance \$ c. Labor rate variance $ d. Labor efficiency variance \$ e. Variable overhead spending variance $ f. Variable overhead efficiency variance $ g. Fixed overhead spending variance $ h. Volume variance $ i. Budget variance $ b. Prepare the journal entries to record the standard costing information for November. Note: Record any multiple debits or any multiple credits in alphabetical order by account n \begin{tabular}{|c|c|c|c|c|} \hline Accounts Payable & v^ & & 0 & 0 \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline \multicolumn{5}{|c|}{ To record aluminum price variance } \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline Accounts Payable & & & 0 & 0x \\ \hline \multicolumn{5}{|c|}{ To record copper price variance } \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline To record aluminum q & & & & + \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline \multicolumn{5}{|c|}{ To record copper quantity variance } \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline \multicolumn{5}{|c|}{ To record labor variances } \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & v^ & x & 0 & 0 \\ \hline \multicolumn{5}{|c|}{ To record variable overhead variances } \\ \hline Accounts Payable & & x & 0 & 0 \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline Accounts Payable & ^ & x & 0 & 0 \\ \hline To record fixed overhe & & & & \\ \hline \end{tabular} Note: Record any multiple debits or any multiple cred

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