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i need help with this P25-1A Mifflin Corporation manufactures a single product. The standard cost per unit of Compute variances. product is shown below. (SO

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P25-1A Mifflin Corporation manufactures a single product. The standard cost per unit of Compute variances. product is shown below. (SO 4. 5) Direct materials-1 pound plastic at $7.00 per pound $ 7.00 Direct labor -1.5 hours at $12.00 per hour 18.00 Variable manufacturing overhead 11.25 Rued manufacturing overhead 3.75 Total standard cost per unit $40.00 1182 25 Standard Costs and Balanced Scorecard The predetermined manufacturing overhead rate is $10 per direct labor hour ($15.00 / 1.5). It was computed from a master manufacturing overhead budget based on normal production of 7.500 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $56,250 ($7.50 per hour) and total fixed overhead costs of $18,750 ($2.50 per hour). Actual costs for October in producing 4,900 units were as follows. Direct materials (5.100 pounds) $ 37,230 Direct labor (7.000 hours) 87,500 Variable overhead 56,170 Fixed overhead , 19,680 Total manufacturing costs $200,580 The purchasing department buys the quantities of raw materials that arc expected tube used in production each month. Raw materials inventories, therefore, can be ignored. Instructions (a) Compute all of the materials and labor variances. (it) Compute the total overhead variance. P25 -2A Simon Manufacturing Corporation accumulates the following data relative to jobs started and finished during the month of June 2012. Compare variance, and prepare income statement. Costs and Production Data Actual Standard

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