hopefully this is better

Marvel Parts, Incorporated, manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company uses a standard cost system for all of its products. According to the standards that have been set for the seat covers the factory should work 2,850 hours each month to produce 1,900 sets of covers. The standard costs associated with this level of production are: Direct materials Direct labor Variable manufacturing overhead (based on direct labor-hours) Total $ 42,560 $ 51.00 Per Set of Covers $ 22.40 27.00 $ 6,640 3.60 $ 53.ee During August, the factory worked only 2.800 direct labor-hours and produced 2,000 sets of covers. The following actual costs were recorded during the month: Direct materials (12,000 yards) Direct labor Variable manufacturing overhead Total $ 45,600 $ 49,080 $ 7,000 Per Set of Covers 5 22.50 24.50 3.50 $ 50.80 Ar standard, each set of covers should require 5.6 yards of material. All of the materials purchased during the month were used in production Required: require bb yards of material All of the materials purchased during the month w Production Required: il compute the materials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August. B. Compute the variable overhead rate and efficiency variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect variance). Input all amounts as positive values.) 1. Materials price variance 1. Materials quantity variance 20 Labor rate variance 2. Labor efficiency variance 3 Variable overhead rate variance 3. Variable overhead efficiency variance MYTOC CFA Foundations Money Salesforce MGP set for the seat covers the factory should work 2,850 hours each month to associated with this level of production are: Direct materials Direct labor Variable sanufacturing overhead (based on direct labor.bours) Total $ 42.560 5.31.300 Per Set of Covers $ 22.40 27.00 $ 0,840 3.60 5 53.00 During August, the factory worked only 2,800 direct labor hours and produce recorded during the month Direct materials (12,000 yards) Direct labor Variable manufacturing overhead Total 5 45.500 $19,00 57.000 Per Set of Covers 5 22.se 24.50 3.50 50. At standard, each set of covers should require 5.6 yards of material All of the production Required: 1. Compute the materials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August 3. compute the variable overhead rate and efficiency variances for August (Indicate the effect of each variance by selecting "F* for favorable, "U" for un varlance), Input all amounts as positive values.) 1. Material price variance 1. Material quantity variance 2. Laborate variance 2 Laboriency variance 3 Variatie overate variance Variable overhead licency walance Ich 03