gital Access Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. ons ents ooks Hub Direct materials-1 pound plastic at $7.00 per pound Direct labor-1.6 hours at $12.00 per hour $ 7.00 19.20 12.00 4.00 $42.20 Variable manufacturing overhead (1.6 hours at $7.5) Fixed manufacturing overhead (1.6 hours at $2.5) Total standard cost per unit The predetermined manufacturing overhead rate was computed from a master manufacturing overhead budget based on normal production of 8,000 direct labor were as follows. hours (5,000 units) for the month. Actual costs for October in producing 4,900 units Direct materials (5,100 pounds) Direct labor (7,400 hours) Variable overhead Fixed overhead Total manufacturing costs $ 36,720 92,500 59,700 21,000 $209,920 The purchasing department buys the quantities of raw materials that are expected to ignored. be used in production each month. Raw materials inventories, therefore, can be Instructions: 1. Compute the price and quantity variances for direct materials. 2. Compute the rate and efficiency variances for direct labor. 3. Compute the variable overhead spending and efficiency variances. 4. Compute the fixed overhead budget and volume variances. Edit View Insert Format Tools Table 12pt v Paragraph BIU Q Search L