Kyler manufactures collee mugs that it sela to other companiea for customizing with their own Actual cost and producticn informosion for Suly 2024 Sollows: logos. Kyler prepares flexible budgets and uses a standard cost system to control manutacturing (Cick the icon to visw actual cost and producfion intomation,) costs. The standard unit cost of a coffee mug is based on static budget volume of 59,900 colfoe muas per manth: Read the reouicements. Cick the icon to vorw the cost data.) Requirement 1. Compute the cost and efficiency varlances for direct maserlas and direct labori Requirements Data table 1. Compute the cost and affiency variances for drect malenas and died lahor. 2. Sournalize the purchase and unage of direct miterias and the assignment of direct labor, indiuding the related variances. 3. For manulacturing ovehesd, computi the vaiablic ovemead oost and nficiency variances and the food overhead oot and volume variances. 4. Journalize the actial manutacturing overheed and the allocated manufactiring overhad. Joumaire the movement of al production oovs trom Woik-h-Process inventaty Jsumalize the adfusting of the Manctacturing Oventead acoount 5. Kyser intentonally tired more highty skiled woners during July. How dis this decison affouthe cost valiances? Overal, was the decinion whise? More info a. There whie no beginiing of endivg inventary balances. All expenditures were on account b. Actial production and sibes were 62.000 collse mogs: c. Actal drect materias unage wat 10.000 ins at at actual cost et 50.17 per b. d. Achial dreat labor unage was 190,000 minutes at a total cost of 531,840 . t. Seling and adminittative posts were $125,000