he basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2017, Bilodeau adopted the following standards for its manufacturing costs: (Click to view the standards) (Click to view additional information.) Read the requirements. Data table The denominator level for total manufacturing overhead per month in 2017 is 40,000 direct manufacturing labor-hours. Bilodeau's budget for January 2017 was based on this tequirement 1. Prepare a schedule of total standard manufacturing costs for the 8,400 output units in January 20 lequirement 2. For the month of January 2017, compute the variances, indicating whether each is favorable (F) iefore computing the variances complete the tables below. Begin by completing the table for direct materials. Data table Requirements 1. Prepare a schedule of total standard manufacturing costs for the 8,400 output units in January 2017. 2. For the month of January 2017, compute the following variances, indicating whether each is favorable (F) or unfavorable (U): a. Direct materials price variance, based on purchases b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Total manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance