JOUllU3lllalt manulactures headphone cases. During September 2016, the company produced and sold 105.000 cases and recorded the ollowing Click the icon to view cost data) the Read the requirements. Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the cost variances. Select the required formulas, compute the cost variances for direct and drectlabor, and identify whether each ariance isfaorable materials Formula Direct materials cost variance L Direct labor cost variance compute the efficiency variances. Select the required formulas. the eficiency variances for direct materials and direct labor, and idently whother each wanance standard quantity) compute Formula Direct materials efficiency variance Direct labor efficiency variance Requirement 2. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume wariances Now compute the variable overhead cost and efficiency variances Select the required formulas, compute the variable overhead cost and eficiency anances, and iderty whethe cost, standard quantity. variable overhead VOH efficiency variance l Now compute the fixed owerhead cost and volume variances Select the required formulas, compute the feed overhead cost and wolume variances, and identify whather each waian standard quantity FOH volume variance Requirement 3. Soundsmarts management used better quality materials during September Discuss the trade of between the hero diect materialvarandes They hoped these manaials would restit in soundsmarts management know that using higher quality materials would result in anj Choose from any list or enter any number in the input fields and then continue to the next quoston