Help, thank you.

At a recent seminar you attended, the invited speaker was discussing some of the advantages and disadvantages of standard costs in terms of evaluating performance and motivating goal-congruent behavior on the part of employees. lDne criticism of standard costs in particular caught your attention: The use of conventional standard costs may not provide appropriate incentives for improvements needed to compete effectively with world-class organizations The speaker then discussed so-called continuous-improvement standard costs. Such standards embody systematically lower costs over time. For example, on a monthly basis, it might be appropriate to budget a 1.0% reduction in per-unit direct labor cost. Assume that the standard wage rate into the foreseeable future is $24 per hour. Assume. too, that the budgeted labor-hour standard for October of the current year is 2.10 hours and that this standard is reduced each month by 1%. During December of the current year the company produced 8.500 units of XL10, using 18.000 direct labor hours. The actual wage rate per hour in December was $2100. Required: 1. Prepare a table that contains the standard labor-hour requirement per unit and standard direct labor cost per unit for the 4 months. October through January. 2. Compute the direct labor efciency variance for December. Was this variance favorable (F) or unfavorable [U]? Complete this question by enterlng your tumors In the tolls below. Required 1 Required 2 Prepare a table that oontains the standard laborhhour requirement per unit and standard direct labor oust per unit for the 4 months, October through January. (Do not round Intermediate calculations. Use rounded answers In the subsequent requirement. Round your "Standard Direct Labor CostlUnit" answers to 2 decimal places and \"Standard Labor-Hour RequirementjUnlt' answem to 5 decimal plaoes.) manr lust -_ -_ __ __ Required 2 "2