Exercise 16-43 (Appendix used in requirement [cComprehensive Cost Variance Analysis (LO 16-5, 6,7) Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. Maple Leaf produced and sold 92,000 tires for $40 each, Budgeted production was 100,000 tires. Standard variable costs per tire followw Direct materials: 4 pounds at $2 Direct labor: 04 hours at $18 Variable production overnead: 0.18 machine-hours at $10 per hour S 8.00 7.20 1.80 S17.00 Total variable costs . Fixed production overhead costs: Monthly budget $1,350,000 Fixed overhead is applied at the rate of $15 per tire. .Actual production costs: Direct materials purchased and used: 384,000 pounds at $1.80 Direct labor: 35,20D hours at $18.40 Variable overhead: 17.280 machline-hours at $10.20 per hour Fixed overhead $691,20D 647,680 176,256 1,380,000 Required: a. Prepare a cost variance analysis for each variable cos for Maple Leaf Productions. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Actual cosis Actual inputs at standard price Flexible budget Price variance Efliciency variance Cost variance b. Propa a inad ovamoad cost variance anahysis. Indicate the offect of each varlance by selecting "F" for faworable, or "U" for unfavorable. If there Is no etoct, do not select ether option. e. Ap erei } Prepare 1re Jurnal e or 9 to record the a ily k lhe last er dL8ingstarcardoelin Asarne Ina al rierK88 8reckeed to co t ! 080 e at the ero o rali peri d lf noo try is required for a tran 88ctie nie ent 881 ct N Jou r al ntry squired" in the first a cou nt field. View transaction list Journal entry worksheet 1 234 6 ?L.... 12 Record entry for direct material cos payabe and material variarces. Debi Racord entry Claar entry Viaw ganeral jaurnal