course is cost and management accounting and this us the only info given

2 10 points spet DOUK Fr Hences Problem 10-21 Basic Variance Analysis [LO2, LO3, LO4) VitalAid Inc. manufactures a vacuum-sealed high-protein food supplement that it sells to food aid organizations around the world. The company uses variable costing in conjunction with a standard costing system and has established the following standards for one package of VitalAid bars: Direct materials Direct labour Variable manufacturing overhead Total standard variable cost Standaril Saved Quantity Hours 350 grams 0.25 hours 0.5 hours Standard Price or Standard Rate Cost $12.00 per kg $13.00 per hour $4,20 3.25 $1.50 per hour 0.80 $8,25 During October, the company recorded the following activity relative to production of VitalAid a. The company produced 4,000 kages during October b. A total of 1,800 kilograms of material was purchased at a cost of $19.800. c. There was no beginning inventory of materials: however, at the end of the month, 300 kilograms of material remained in ending Inventory. d. The company employs 5 people to work on the production of VitalAid. During October, each employee worked an average of 185 hours at an average rate of $14.00 per hour. e Variable manufacturing overhead is assigned to VitalAid on the basis of direct labour-hours. Variable manufacturing overhead costs during October totalled $1.850 Hep 2 10 pos Pen a. Compute the price and quantity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (e., zero variance).) Matenals pnce variance Materials quantity variance b. This part of the question is not part of your Connect assignment. 2. For labour employed in the production of VitalAid: D a. Compute the rate and efficiency variances. (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) 10 2 ock t Petences 2. For labour employed in the production of VitalAid: a. Compute the rate and efficiency variances (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e. zero variance).) Laboravanance Labor ciency variance b. This part of the question is not part of your Connect assignment 3-n. Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e. zero variance).) Varab overhad spending vanance Ch 10 Prob 40 marks 2 10 poants efloge That Renc Se b. This part of the question is not part of your Connect assignment. 3-a. Compute the variable overhead spending and efficiency varlances, (Indicate the effect of each verience by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie.. zero variance). Vanable overhead spending variance Variable overhead eficiency variance HIP Chett