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Marigold Irrigation Inc. is known throughout the world for its H20 X high-capacity water pump, used in irrigation systems. The pump's standard cost is as
Marigold Irrigation Inc. is known throughout the world for its H20 X high-capacity water pump, used in irrigation systems. The pump's standard cost is as follows. The company's predetermined fixed overhead rate is based on an expected capacity of 100,000 direct labor hours per month Standard Price Standard Quantity Standard Cost Direct materials $6 per pound 15 pounds $90 Direct labor 4 DLH 32 $8 per DLH $8 per DLH Variable overhead 4 DLH 32 Fixed overhead $4 per DLH 4 DLH 16 $170 During the month of September, the company produced 22.450 of the 25,000 pumps that had been scheduled for production in the budget. The company used 381,360 pounds of material during September. The direct labor payroll for the month was $605,400 for 95,900 direct labor hours. Variable overhead costs were $754,100; faced overhead costs were $361,300. The company's purchasing agent signed a new supply contract that resulted in purchases of 495,900 pounds of direct materials at a total price of $2,777,040. Calculate Marigold' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal places.cs. 52.75 and final answers to decimal places, 63,5,725. If variance is zero, select "Not Applicabile" and enter for the amounts) Direct materials price variance Direct materials quantity variance $ Direct labor rate variance $ Direct labor efficiency variance $ Variable overhead spending variance $ Variable overhead efficiency variance $ Fixed overhead spending variance
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