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Fig and love makes monogrammed Christus stockings that it sells online. The company has developed the following standard costs for each stocking: Direct materials: 5

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Fig and love makes monogrammed Christus stockings that it sells online. The company has developed the following standard costs for each stocking: Direct materials: 5 yards of velvet material, 512 per yard $ 60.00 Direct labor 2 hrs. per train at $15 per hours 30.00 Variable Overhead: 3 Machine hours at $S per MH$ 15.00 . Fixed overhead (540,000/2,000 stockings) $ 20.00 Standard Cost per unit$125.00 They planned for and made 2.000 stockings. Actual results were . Purchased 12.000 yards and used 11.000 yards of materat at a total cost of $162,000 Total Direct Labor Cost was $5.500 for 4.500 hours Variable Overhead was 519,140 for 5,800 machine hours . Fixed Overhead was $38.000 Calculate the deect materials, director and variable overhead variances. In addition, calculate the lowed overhead price variance and enter all the final answers in the boxes that follow below. wance Type Amount Favorable F/Unfavorable (U) Direct material price variance Direct materiais quantity Valance Direct laborate variance Direct laboreficiency variance Variable OH privre We Officiency Fred Oprea

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