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Senbockar mugs that the companies for long with their own logo Serback efecte de cocos controlering to the standards of mused on but wolume 60.000 eura the whole And froduction information for Jay 2011 Click the contend production information Read the Regiment 1. Com the contendere wie for free and director Boon won pe cont veranon Belect the reagird komen, manta acest varierens to direct materiale med det her, and idently wather auch weiter under bredere et AC + utal wat FOHC, SO Form AG Draw ACC) LAGG SAD (50) AOHAOH A FOH OH FOR A FOH i i Data Table $ 0.05 0.42 Direct Materials (0.2 lbs @ $0.25 per lb) Direct Labor (3 minutes @ $0.14 per minute) Manufacturing Overhead: Variable (3 minutes @ $0.04 per minute) Fixed (3 minutes @ $0.13 per minute) $ 0.12 0.39 0.51 Total Cost per Coffee Mug $ 0.98 Print Done i More Info X a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,700 coffee mugs. c. Actual direct materials usage was 10,000 lbs. at an actual cost of $0.17 per lb. d. Actual direct labor usage was 200,000 minutes at a total cost of $34,000. e. Actual overhead cost was $5,000 variable and $35,700 fixed. f. Selling and administrative costs were $110,000. Print Done 1 Requirements x 1. Compute the cost and efficiency variances for direct materials and direct labor. 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances. 3. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. 4. Journalize the actual manufacturing overhead and the allocated manufacturing overhead. Joumalize the movement of all production costs from Work-in-Process Inventory. Journalize the adjusting of the Manufacturing Overhead account. 5. Stenback intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? Print Done