me Fle Edit View Histony People Window Help 69% iii) E) Wed Apr 25 1052 AM Cost Chapter 16 Homework Products Prepares is Bx tpx Delta Products prepares its budgets on the basis of standard costs. A responsibuty report is prepared monthly showing the diferences between master buoget and actual results Vanances are analyted and reported separately. There are no materials inventories. The following information relates to the current period: Standard costs (per uni Direct materials, 6 gallons@$2.00 per gallon Direct labor, 3.00 hours@$37.00 per hour S 12 wiatie (20% of direct labor cost) Total standard cost per unit s145 Actual costs and activities for the month follow 15.320 gallons at $1.84 per gallon 2,200 units Output Actual labor costs Achual variable overhead 6,800 hours at $40.40 per hour $53,670 Required: Pre are a cost variance ana ss forte variable costs. Do not round intermediate calculations a cate the effect of each variance by selecting F for favorable or " tr ua rabi e e s o Price variance Efficiency variance Direct materials cosl varilance $ 4,240 Diract labor Price variance Eficiency variance Direct labor cost variance $ 23,120 S 15,720 Vaniable overbead Price variance Eficiency variance Variable overhead cost variance