How do I get these efficiency variances for requirement 7?

shestionld - isflushed 58769828centerWin yes ACCT2023-11WWW Spring 2019 Homework: Project 2 Score: 41.16 of 50 pts 1 of 1 (1 complete) x Comp24-1 (similar to) The Trevor Toy Company manufactures toy building block sets for children. Trevor is planning for 2019 by developing a master budget by quarters. Trevor's balance sheet for December 31, 2018, follows (Click the icon to view the balance sheet.) Other budget data for Trevor Toy Company: i (Click the icon to view the other data.) Read the requirements. Data Table X T The static budget is prepared for only one level of sales volume . the sets expected to be sold - and it do expected operating income based on expected units sold. ne based on actual units sold The flexible budget performance report (Requ separates the static budget variance into its components the flexible budget variance and the sales volum Standard Cost Information Requirement 7. During 2019. Trevor recorded the following cost data. Quantity Cost B (Click the icon to view the standard cost data.) Direct materials 6 pounds per set 1.00 per pound :3 (Click the icon to view the actual cost data.) Direct labor 0.40 hours per set $ 10.00 per hour Compute the cost and efficiency variances for direct materials and direct labor Variable manufacturing overhead 0.40 hours per set $ 10.00 per hour We will start with the direct materials. Select the formula to calculate direct materials cost and efficiency va Fixed manufacturing overhead 0.40 hours per set $ 12 00 per hour favorable (F) or unfavorable (U).) Static budget amount: $17, 760 ed overhead; SC = standard c Formula Variance Direct materials cost variance (AC - SC) x AQ 7.980 U Print Done Direct materials efficiency variance (AQ - SQ) x SO 400 F Select the formula to calculate direct labor cost and efficiency variances, then enter the variance amounts Data Table X Formula Variance Direct labor cost variance (AC - SC) X AQ 1,062 Actual Cost Information Direct labor efficiency variance (AQ - SQ) x SC 300 Direct materials 26,600 pounds 1:30 per pound ) $ 34,580 Requirement 8. For manufacturing overhead, compute the variable overhead cost and efficiency variances Direct labor 1,770 hours $ 10.60 per hour ) 18,762 We will start with the variable overhead (VOH). Select the formula to calculate VOH cost and efficiency van Variable manufacturing overhead 1.770 hours @ $ 9.60 per hour ) 16,992 Fixed manufacturing overhead 14,760 Formula Variance VOH cost variance (AC - SC) x AO 1062 VOH efficiency variance (AQ - SQ) x SC 7080 Print Done Choose from any list or enter any number in the input fields and then click Check Answer! 9 parts Clear All remaining DELL