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o Sur Hearing arrefecturephone cases Dating September 2018, the company produced in 1070 cases and recorded the low cost das El the conto vw the cost deta Requirement 1. Coroute the cold walances to direct marab and decla Begin the cover Select the required to compute the cost vacus for de materials and direct label and identity whetheasth variance in favorable istorien Abbrevised Dual Adly FOH todhat Candados Form.de Variance Direccos variance AC-SCX Data Table - X Direct labor cost wariance AC-SCAD Next compute the ency wariances Select the required for complete y variances for dired mail at deed later and identity with rachwarance is faverathi Standard Contains SC Durity Cost Formula Variance Docter 2 ports 5 15 per part Direct mais ency wariance 140-SOUSC 2 hours 9 10 Direct labor efficiency variance AD - SSC Mining Od 9. haan 11 10 per har Requirement 2.For manufacturing overhead compute the viewerhead contundeficiency variances and the teed head cost and volume variances Now compuls the variable overhead cost and funcy van Suled the required formulas campule the variable overhead cantand and idewhitheach and Federer Dad (53100 Torstatic budget volume faded standard cost SO-standarda VOH warble overhead 097.000 unts and 1941 ans 16 per hour For Vacance VOH cost walance - AC-SCAD Adual Coloration VOH winy a IAD - SOIESC Dark 1712.000 parts at per part 5 Dial (1 6.0 om $ 115 hou 15 overhead scandando No copute the end overall cost and volume Select the rooms compute the trend owadon and one warm and whether such warunca 50 - standard) Variable and see 1100 Formule Varian Ford Mastering Ovatud 30 000 FOH cox vac AnaOH-Hudgeted FOH FOH volume variance Budite ForAlca Paul Choose from a list or any in the maput fieds and then continue to the next Gestion Store CH 00 1:01 AM 10/17/2020 1 C O Type here to search Smart Hearing manufactures headphone cases During September 2018, the company produced and sold 107.000 cases and recorded the following cost data EB (Click the icon to view the cost data) Read the requirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the cost variances Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used AC - actual cost AQ = actual quantity: FOH = fixed overhead; SC = standard cost SQ = standard quantity) Formula Variance Direct materials cost variance (AC-SC) XAQ Direct labor cost variance (AC-SC) XAQ Next compute the efficiency variances Select the required formulas, compute the efficiency variances for direct materials and direct labor and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used AC = actual cost: AQ = actual quantity, FOH = fixed overhead, SC standard cost, SQ = standard quantity) Formula Variance Direct materials efficiency variance (AQSQ) SC Direct labor efficiency variance (AQ -SO) SC Requirement 2. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances Now compute the variable overhead cost and efficiency variances Select the required formulas, compute the variable overhead cost and efficiency variances and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used. AC = actual cost, AQ = actual quantity: FOH = fixed overhead, SC - standard cost, SQ = standard quantity: VOH = variable overhead) Variance VOH cost variance VOH efficiency variance Formula = (ACSC) x AQ (AQSQ) SC Now compute the fixed overhead cost and volume variances Select the required formulas, compute the fixed overhead cost and volume variances, and -----LI-in-L. ALL Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search 0 Data Table y var ariana nufac Standard Cost Information cost al Direct Materials ble ove whethe d cost Quantity Cost 2 parts $ 0.16 per part 0.02 hours 9.00 per hour 0.02 hours 11.00 per hour st and bi quan Direct Labor Variable Manufacturing Overhead e Fixed Manufacturing Overhead (531,040 for static budget volume of 97,000 units and 1,940 hours, or $16 per hour) overhe ariance ndard lume v. = fixed $ 44 520 Actual Cost Information Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead (212,000 parts @ $ 0.21 per part) (1,640 hours @ $ 9.15 per hour) $ 15.006 11,000 30 000 Hearin Jyo direc Print Done gement result in or enter any number in the input fields and then continue to the next question. Formula Variance Direct materials efficiency variance (AQ-SQ) SC Dired labor efficiency variance (AQ SO SC Requirement. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume Variances Now compute the variable overhead cost and efficiency variances Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used AC = actual cost, AD = actual quantity, FOH - foed overhead, SC standard cost SO standard quantity VOH variable overhead) Formula Variance VOH covariance = (AC-SCAD VOH cincy variance AQ-SQ)X SC Now compute the lived overhead cost and volume variances Select the required formulas, compute the fixed overhead cost and volume variances and Identity whether each variance favorable or unfavorable (U) (Abreviations used. AC actual contAQ -actual quantity, FOHfed overhead SC = standard cool, SO standard quarry Formula Variance FOH con variance - Actual FOH Budgeted FOH FOH volume variance Budgeted I OH Allocated FOR Requirement. Smart Hearing management used better quality materials during Septomber Discuss the trade-off between the two direct material variances help Show Hide Smart Hearing's management knew that using lgher quality materials would result in an) these materials would result in more efficient usage than standard materials. The result was an overall They hoped Choose from any ist of enter any number in the input fields and then continue to the next question Save for Later 11 Type here to search O