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conexternal browser Olaunchurahttps6253A% 2F%252Fims.meducation.com%252Fighmiadewa ment-Variance Analysis Help Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that
conexternal browser Olaunchurahttps6253A% 2F%252Fims.meducation.com%252Fighmiadewa ment-Variance Analysis Help Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,070 hours each month to produce 2.140 sets of covers. The standard costs associated with this level of production are: Persat Total of Covers Direct materials 26,964 $12.60 Direct Labor 11,710 5.50 Variable facturing overhead based on direct laber-hours 3.610 319.0 During August, the factory worked only 1.000 direct labor hours and produced 2.400 sets of covers. The following actual costs were recorded during the month Dime (6,000 yards Direct Lab VELails ause Teret Total of Cove $29.95 $13.20 113,60 9.70 530. At standard, each set of covers should require 15 yards of material. All of the materials purchased during the money were used in production Required: 1 compute the material price and varices for August 2.Compute the laborate and efficiency variances for AQUI 3. Comote the variable cheed rate and efficiency variance for August indicate the effect of each variance by selecting "Por favor, "U" for unfavorable and None for no effect variance Input all amounts as positive values) Next > * . NO $ 3 % 5 & 7 6 8 9 0 W E R T Y U 0 S D F H J K L C V B N M Saw Direct LADO Variable manufacturing overhead 13. 0 5,260 5.ru 2.40 $20.30 At standard, each set of covers should require 15 yards of material. Al of the materiais purchased during the month were used in production Required: 1. Compute the materials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August 3. Compute the variable overhead rate and efficiency variances for August Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effectie, sero variance). Input all amounts as positive values 1. Marc variance Manyarance 2 Laborare Vabide ablehead Next > 5 2 3 $ 4 % 5 & 7 8 9 Q W E R T Y U O s D F H J * . NO $ 3 % 5 & 7 6 8 9 0 W E R T Y U 0 S D F H J K L C V B N M Saw Direct LADO Variable manufacturing overhead 13. 0 5,260 5.ru 2.40 $20.30 At standard, each set of covers should require 15 yards of material. Al of the materiais purchased during the month were used in production Required: 1. Compute the materials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August 3. Compute the variable overhead rate and efficiency variances for August Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effectie, sero variance). Input all amounts as positive values 1. Marc variance Manyarance 2 Laborare Vabide ablehead Next > 5 2 3 $ 4 % 5 & 7 8 9 Q W E R T Y U O s D F H J
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