Find the (Direct Material) Price Variance & the (Direct Material) Usage/Efficiency Variance. Use the data set to answered the question:

Data for question:

Block Cheese (Direct Material) Price & Usage Variances Block Cheese (Direct Material) Price Variance 71 72 73 74 75 76 77 78 Block Cheese Price Variance 79 80 81 82 83 84 85 Block Cheese Usage/Efficiency Varia 86 87 Total Block Cheese Variance Block Cheese (Direct Material) Usage/Efficiency Variance 88 89 90 CASES SOLD SELLIBG PRICE PER CASE LAST Q CURRENT 108,000.00 124,200.00 $ 26.00 $ 26.25 Cost Input POUND OF CHEESE PER CASE POUNDS OF BLOCK CHEESE PURCHASED & USED COST PER POUND BLOCK CHEESE DIRECT LABOR HOURS PER CASE DIRECT LABOR RATE PER CASE VARIABLE MANUFACTURING PER CASE SELLING AND GENERAL ADMINISTRATION 5.95 6.55 642,600.00 813,510.00 3.00 3.30 0.10 0.12 15.00 15.30 3.00 3.36 150,000.00 165,000.00 Actual Cost of Goods Total and Per Case Cases Sold/Produced 108,000 124,200 Last Quarter Per Case Current Quarter Per Case 642,600'S Cheese Cost Pounds of Block Cheese Purchased & Used Cost per Pound Block Cheese Total Cheese Costs 3.00's 5.95 3.00 $ 17.85 813,510 3.30 2,684,583 S 6.55 3.30 21.62 S 1,927,800 $ 0.10 0.12 1.00 1.00 Direct Labor Cost Direct Labor Hours Per Case Cases Sold/Produced Total Direct Labor Hours Direct Labor Rate Per Case Total Direct Labor Costs 0.10'S 108,000 $ 10,800 $162.000.00's 172,800 $ 0.10 1.50 1.60 $ 0.12 S 124,200 $ 14,904 $228,031.20 $ 242,935 $ 0.12 1.84 1.96 S s Variable Manufacturing Overhead Cost Total Variable Manufacturing Overhead 324,000's 324,000 3.00 3 417,312 417,312 3.36 3 Total Cost s 2,424,600 $ 22.45 $ 3,344,830 S 26.93 Amboy Specialty Foods Comparative Operating Income Statement Cases Sold 108,000 124,200 16,200 Sales Last Quarter Current Quarter $ 2,808,000 $ 3,260,250 $ S 26.00 $ 26.25 $ Difference 452,250 0.25 Per Case 920,230 Variable Cost of Goods Sold Per Case 2,424,600 22.45 $ 3,344,830 26.93 $ s 4.48 Contribution Margin S 383,400 S 3.55 (84,580 S (0.68) (467,980) (4.23) Per Case Selling & General Administration $ 150,000 $ 165,000 15,000 Operating Income S 233,400 $ (249,580) (482,980)