Direct Labor Variances Actual Cost Standard Cost AH X AR AH X SR SH X SR 23,560 X 12.43633 23,560 X 12.1 19,840 X 12.1 293,000 285,076 240,064 -7,924 -45,012 Favorable/Unfavorable Direct labor rate variance 7,924 favorable Direct labor efficiency variance 45,012 unfavorable Total direct labor variance 52,936 |unfavorableDirect Material Variances Actual Cost Standard Cost AQ X AP AQ X SP SQ X SP 19,000.00 X 60.84 19,000.00 X 60.00 16,000.00 X 60.00 1, 156,000 1, 140,000.00 960,000.00 (16,000.00) (180,000.00) Favorable/Unfavorable Direct material price variance 16,000.00 favorable Direct material quantity variance 180,000.00 unfavorable Total direct material variance 196,000.00 Unfavorableb) Situation B: Power outages occurred three times during the year in which all production was shut down for 2 hours the rst time, 3 hours the second time, and 1 hour the third time. During these times, 4 workers remained on site, but no work was performed. i) Which of the 4 variances would this situation impact? ii) Would the situation impact the variance Favorable or Unfavorable? iii) Estimate of impact. Phoenix Company Standard Cost Card - Current Year (2019) Qty per Cost per Std. Cost per Unit Input Unit (a) Direct materials 4.00 lbs. X 15.00 60.00 Direct labor 1.24 hrs. 12.10 15.00 Variable Overhead 1.24 hrs. X 5.65 7.00Variable Overhead Variances Actual Variable OH Costs Flexible Budget Standard Cost (VOH applied) AH X AR AH X SR SH X SR 19,000 X 6.49 19,000 X 7 16,000 X 7 123,310 133,000 112,000 9,690 21,000 Favorable/Unfavorable Variable OH spending variance 9,600 favorable Variable OH efficiency variance 21,000 unfavorable Total variable OH variance 11,310 Unfavorable