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Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format

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Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below. - Contains direct matertals, direct labor, and variable manufacturing overhead. Janet Dunn, who has just been appointed generat mahagei of the Weswofd Plant, has been given instructuons to "get things under control. "Upon reviewng the plant's income statement, Ms, Dunn has concluded that the major problem lies in the varlable cost of goods sold. She has been provided with the following standard cost per swimming poot: Based on machne-hourd. a. Purchased 24.000 pounds of materialis at a cost of $265 perpouno Buincoredil Required: BCompute the fo owing visancer tot June Required: 1. Compute the following varlances for June: a. Materlals price and quantity vartances. b. Labor rate and efficlency varlances. c. Varlable overhead rate and efficlency variances. 2 Summarize the varlances that you computed in (1) above by showng the net overall favorable or unfavorable varlance for the month: Complete this question by entering your answers in the tabs below. 1a. Compute the following variances for Jure, materials price and cuaritity variances: 1b. Compute the following variances for June. labor rate and fefficency vanances, 1. Compute the following variances for June: variable ovechead rate and efficiency variances. Complete this question by entering your answers in the tabs below. Summarize the variances that you computed in (1) above by showing the net overall favorable or unfavorable variance for the month. (Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive velues )

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