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Could you show all of the calculations? Thanks! Check my work 5 The following describes production activities of Mercer Manufacturing for the year. 2.85 points

Could you show all of the calculations?

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Check my work 5 The following describes production activities of Mercer Manufacturing for the year. 2.85 points Actual direct materials used Actual direct labor used Actual units produced 24,000 lbs. at $4.45 per lb. 6,505 hours for a total of $128,799 36,030 Budgeted standards for each unit produced are 0.50 pound of direct material at $4.40 per pound and 10 minutes of direct labor at $20.80 per hour. eBook det Hint AH = Actual Hours SH - Standard Hours AR = Actual Rate SR = Standard Rate Print AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP = Standard Price References (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Do not round intermediate calculations.) Actual Cost Standard Cost Required 1 Required 2 Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Do not round intermediate calculations.) Actual Cost Standard Cost

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