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Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device follows: Direct materials, ? ounces at $2.80 per

Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device follows:

Direct materials, ? ounces at $2.80 per ounce $ ? per device
Direct labor, 0.40 hours at ? per hour ? per device
Overhead, 0.40 hours at ? per hour ? per device
Total costs $ 30 per device

Assume that the following data appeared in Coplands records at the end of the past month:

Actual production 99,640 units
Actual sales 93,500 units
Materials costs (526,000 ounces) $ ?
Materials price variance 64,400 U
Materials efficiency variance 77,840 U
Direct labor price variance 19,450 F
Direct labor (38,900 hours) 953,050
Overapplied overhead (total) 25,900

There are no materials inventories.

Required:

a. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $25,900 overapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? c. Complete the standard cost sheet for a device given below.

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Complete this question by entering your answers in the tabs below. Prepare a variance analysis for direct materials and direct labor. Complete this question by entering your answers in the tabs below. Assume that all production overhead is fixed and that the $25,900 overapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Complete the standard cost sheet for a device given below. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Prepare a variance analysis for direct materials and direct labor. Complete this question by entering your answers in the tabs below. Assume that all production overhead is fixed and that the $25,900 overapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Complete the standard cost sheet for a device given below. Note: Do not round intermediate calculations

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