i Data Table Sanford Scientific manufactures GPS devices for a chain of retail stores. i (Click the icon to view information about the Magellan XS.) The budgeted and actual amounts for Magellan XS for July 2020 were as follows: (Click the icon to view the budgeted and actual amounts.) i (Click the icon to view additional information.) Budgeted Amounts Actual Amounts Magellan XS units produced 4,400 4,700 Read the requirements. Navigation systems cost 100,672 $ 105,072 Navigation systems 4,576 4,776 Requirement 1. Compute the price and efficiency variances for the three categories of direct materials and for direct manufacturing labor in July 2020. Polarized glass cost 66,000 $ 60,525 Begin by calculating the the price and efficiency variances for the each category of direct materials. (Do not round intermediary calculations. Round the a favorable (F) or unfavorable (U). For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a la Sheets of polarized glass used 1,320 1,345 Plastic casing cost 31,108 $ 32,017 Actual Price Actual Input Qty x Efficiency Flexible Ounces of specialty plastic used 4.444 4,674 Costs Incurred Variance Budgeted Price Variance Budget Direct manufacturing labor costs 73,920 $ 75,640 July 2020 Direct manufacturing labor-hours 3,080 3,100 Navigation systems Polarized glass More Info - X Plastic casing Calculate the the price and efficiency variances for the direct labor. (Do not round intermediary calculations. Round the amount you enter into the input field variances with a $0 balance, make sure to enter "O" in the appropriate field. If the variance is zero, do not select a label.) The controller of the Savannah plant, Mike Warner, is disappointed with the standard costing system in place. The standards were developed on the basis of a Actual Price Actual Input Qty x Efficiency Flexible study done by an outside consultant at the start of the year. Warner points out that he has rarely seen a significant unfavorable variance under this system. He Costs Incurred Variance Budgeted Price Variance Budget observes that even at the present level of output, workers seem to have a substantial amount of idle time. Moreover, he is concerned that the production July 2020 supervisor, Jake Kabat, is aware of the issue but is unwilling to tighten the standards because the current lenient benchmarks make his performance look Direct labor good Panuirament ? nocerihe the tunes of actione the employees at the Savannah plant maw have taken to randline the arriiran of the standarde cat hu the out Choose from any list or enter any number in the input fields and then continue to the next question. Print Done