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The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 6.0 millilitres $ 0.20 per millilitre $1. 29 Direct labour 0.2 hours $15.00 per hour 13.09 During the most recent month, the following activity was recorded: a. 20,000 millilitres of material was purchased at a cost of $0.25 per millilitre. b. All of the material was used to produce 3,000 bottles of Clean-All. c. 625 hours of direct labour time was recorded at a total labour cost of $10,000. Required. 1. Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (l.e., zero variance).)2. Compute the direct labour rate and efficiency variances for the month. (Indicate the effect of each varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (I.e., zero variance).)Mickley Corporation produces two products, Alpha6 and Zeta7, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Raw Material Standard Labour Time X442 Y661 Sintering Finishing Alpha6 1.8 kgs 2.0 litres 9.20 hrs 0.80 hrs Zeta7 3.0 kgs 4.5 litres 0. 35 hrs 0.90 hrs Information relating to materials purchased and materials used In production during May follows: Used in Purchases Purchase Cost Standard Price Production X442 14,580 kgs $52, 208 $3 . 50per kg 8, 500kgs Y661 15, 500 litres $20,925 $1.40 per litre 13,090 litres The following additional Information is available: 1. The company recognizes price variances when materials are purchased. 2. The standard labour rate is $19.80 per hour In Sintering and $19.20 per hour In Finishing. 3. During May, 1,200 direct labour-hours were worked in Sintering at a total labour cost of $27,000, and 2,850 direct labour-hours were worked In Finishing at a total labour cost of $59,850. 4. Production during May was 1,500 Alpha6 and 2,000 Zeta7. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labour. (Round your answers to 2 decimal places.)2. Compute the materials price and quantity variances for each material. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e, zero varlance).)3. Compute the labour rate and efficiency variances for each operation. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e, zero varlance).)The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: Cost Formula Machine-Hours (per machine- Overhead Costs hour ) 8,080 10, 980 Variable cost $1. 85 $ 8,400 $ 9,450 $ 10, 508 Fixed cost 24, 808 24, 808 24, 890 Total overhead cost $ 33, 200 $ 34, 250 $ 35,308 The following Information is available for a recent perlod: a. The denominator activity of 8,000 machine-hours was chosen to compute the predetermined overhead rate. b. At the 8,000 standard machine-hours level of activity, the company should produce 3,200 units of product. c. The company's actual operating results were as follows: Number of units produced 3,509 Actual machine-hours 8, 580 Actual variable overhead costs $ 9,860 Actual fixed overhead costs $ 25, 190 Required. 1. Compute the predetermined overhead rate and break it down Into variable and fixed cost elements. (Round your answers to 2 decimal places.)2. What were the standard hours allowed for the year's actual output? (Do not round Intermediate calculations.)3. Compute the variable overhead spending and efficiency variances and the fixed overhead budget and volume variances. (Do not round Intermediate calculations. Round your answers to 2 decimal places. Indicate the effect of each varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (l.e., zero variance).)Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control Its costs. The labour standards that have been set for one speaker are as follows: Standard Rate Standard Standard Hours per Hour Cost 15 minutes (0. 25 hours) $16.80 $4.08 During July, 3,850 hours of direct labour time were recorded to make 16,000 units. The direct labour cost totalled $61,600 for the month. Required: 1-a. What direct labour cost should have been Incurred to make the 16,000 speakers? (Do not round Intermediate calculations.)1-b. By how much does direct labour cost differ from the cost that was Incurred? (Indicate the effect of varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (I.e., zero variance).) Total variance S 2.4002. Break down the difference In cost from requirement 1-b above Into a labour rate variance and a labour efficiency variance. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (I.e., zero variance).)3. The budgeted variable manufacturing overhead rate is $3.00 per direct labour-hour. During July, the company Incurred $13,475 In variable manufacturing overhead cost. Compute the variable overhead spending and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (I.e., zero variance).)Clarissa Mcwhirter, vice-president of Cyprus Company, was pleased to see a small variance on the Income statement after the trouble the company had been having in controlling manufacturing costs. She noted that the $18,500 overall manufacturing variance reported last period was well below the 3% limit that had been set for variances. The company produces and sells a single product. The standard cost card for the product follows: Standard Cost Card-Per Unit Direct materials, 4 metres at $3.00 per metre $ 12 Direct labour, 1.5 direct labour-hour at $16 per direct labour-hour 24 Variable overhead, 1.5 direct labour-hour at $4 per direct labour-hour 6 Fixed overhead, 1.5 direct labour-hour at $6 per direct labour-hour Standard cost per unit $ 51 The following additional Information is available for the year just completed: a. The company manufactured 20,000 units of product during the year. b. A total of 78,000 metres of material was purchased during the year at a cost of $3.25 per metre. All of this material was used to manufacture the 20,000 units. There were no beginning or ending Inventories for the year. c. The company worked 32,500 direct labour-hours during the year at a cost of $15 per hour. d. Overhead cost is applied to products on the basis of standard direct labour-hours. Data relating to manufacturing overhead costs follow: Denominator activity level (direct labour-hours) 25, 090 Budgeted fixed overhead costs (from the flexible budget) $150, 090 Actual fixed overhead costs $148, 090 Actual variable overhead costs $123, 508 Required: 1. Compute the direct materials price and quantity variances for the year. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance).)2. Compute the direct labour rate and efficiency variances for the year. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance).)3. For manufacturing overhead, compute the following: a. The variable overhead spending and efficiency variances for the year. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance).)b. The fixed overhead budget and volume variances for the year. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance).)4. Compute the total variance. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values.)