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Helix Company produces costumes used in the television and movie industries. Recently the compary recelved an ongoing order for Samural robes to be worn in

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Helix Company produces costumes used in the television and movie industries. Recently the compary recelved an ongoing order for Samural robes to be worn in an upcoming Japanese historical action series made for television. The company uses a standard costing system to assist in the control of costs. According to the standards set for these tobes, the factory has a denominator activity level of 780 direct labour-hours each month, which should result in the production of 1.950 robes. The standard costs associated with this level of production are as follows: During Aprit, the factory worked only 760 direct lobour-houss and produced 2.000 robes. The following actual costs were recorded duning the month At standard, each robe thould require 28 meties of moterlal. All of the matetials purchased during the month were used in production: Aeguired: Required: Compute the following variances for April: 1. The materials price and quantity variances. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfovourable, ond "None" for no effect (i.e., zero variance).) 2. The labour rate and efficiency varlances. (Indicote the effect of eoch variance by selecting "F" for fovourable, "U" for unfovourable, and "None" for no effect (i.e., zero variance).) 3. The variable manufacturing overhead spending and etficiency variances. (Indicate the effect of each variance by selecting " F " for fovourable, "U" for unfovourable, and "None" for no effect (i.e., zero variance).) 4. The foced manufacturing overhead budget and volume variances. (Indicote the effect of ench voriance by selecting "F" for favourable, " U " for unfovourable, ond "None" for no effect (i.e., rero veriance)\} Helix Company produces costumes used in the television and movie industries. Recently the compary recelved an ongoing order for Samural robes to be worn in an upcoming Japanese historical action series made for television. The company uses a standard costing system to assist in the control of costs. According to the standards set for these tobes, the factory has a denominator activity level of 780 direct labour-hours each month, which should result in the production of 1.950 robes. The standard costs associated with this level of production are as follows: During Aprit, the factory worked only 760 direct lobour-houss and produced 2.000 robes. The following actual costs were recorded duning the month At standard, each robe thould require 28 meties of moterlal. All of the matetials purchased during the month were used in production: Aeguired: Required: Compute the following variances for April: 1. The materials price and quantity variances. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfovourable, ond "None" for no effect (i.e., zero variance).) 2. The labour rate and efficiency varlances. (Indicote the effect of eoch variance by selecting "F" for fovourable, "U" for unfovourable, and "None" for no effect (i.e., zero variance).) 3. The variable manufacturing overhead spending and etficiency variances. (Indicate the effect of each variance by selecting " F " for fovourable, "U" for unfovourable, and "None" for no effect (i.e., zero variance).) 4. The foced manufacturing overhead budget and volume variances. (Indicote the effect of ench voriance by selecting "F" for favourable, " U " for unfovourable, ond "None" for no effect (i.e., rero veriance)\}

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