i need requirements 1-5!! please and thank you

Question Help Rouse manufactures coffee mugs that it solls to other companies for customizing with their own logos Rouse prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 59.900 colee mugs per month (Click the icon to view the cost data) Actual cost and production information for July 2015 follows (Click the icon to view actual cost and production Information) Read the requirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the cout variances Select the required formulas.compute the cost varlances for direct materials and direct labor, and dently whether each variance is favorable() er unfavorable (U) Abbreviations used. AC actual cost AQ - actual quantity, FOH - foed overhead, SC standard cost, SQ standard quantity) Formula - X Variance Data Table Direct materials cost variance (AC-SC)XAQ Direct labor cost variance (AC-SC) XAQ Direct Materials (02 es 025 per by $ 0.05 Direct Labor (3 minutes @ $ 14 per minute) Manufacturing Overhead Variable (3 minutes 5 006 per minutes 0.18 0.30 Food (3 minutes @ 50.13 per minute) $ Total Cost per Coffee Mug Choose from any list or enter any number in the input fields and then click Check Answer 057 P Done 12 part Check Answer temaning Read the requirements. i More Info dir - mp ard a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,600 coffee mugs. c. Actual direct materials usage was 10,000 lbs. at an actual cost of $0.17 per lb. d. Actual direct labor usage was 199,000 minutes at a total cost of $33,830. e. Actual overhead cost was $9.950 variable and $30,450 fixed. f. Selling and administrative costs were $120,000. Q Print Done s and then click Check Answer Clear All Actual cost and production information for July 201 ducti es for customizing with their own logos, Rouse control manufacturing costs. The standard unit cost. Ffee my Requirements X direct lavora mpute ard cos Q 1. Compute the cost and efficiency variances for direct materials and direct labor 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances. 3. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances 4. Journalize the actual manufacturing overhead and the allocated manufacturing overhead. Journalize the movement of all production costs from Work-in-Process Inventory. Journalize the adjusting of the Manufacturing Overhead account. 5. Rouse intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? Q Print Done is and then ICNICRONER