need hlep please

Bria manufactures coffee mugs that it selis to other companies for customizing with their own logos. Bria prepares flexible budgets and uses a standard oost system to control manufacturing costs. The standard unit cost of a coffee mug is Actual cost and production iniformation for July 2024 foliows: based on static budget volume of 59,900 colfee mugs per month (i) (Cick the icon lo view actial cost and production information ) (Click the icon fo view the cost dala.) Resd the tequitimente. Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Seloct the required formulas, oompute the cost variances for direct matorials and direct labor, and identify whether each variance is lavorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AO = actual quantify: FOH = foved overhead, SC = standard cost: SQ = standard quantily.) Data table More info a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,600 coffee mugs. c. Actual direct materials usage was 10,000lbs, at an actual cost of $0.17 per lb. d. Actual direct labor usage was 199,000 minutes at a total cost of $27,860. e. Actual overhead cost was $7,960 variable and $32,940 fixed. f. Selling and administrative costs were $123,000. Requirements 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. Journalize the movement of all production costs from Work-in-Process Inventory. Journalize the adjusting of the Manufacturing Overhead account. 5. Bria intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? Bria manufactures coffee mugs that it sells to other companies for customizing Actual cost and production information lor July 2024 follown: with their own logos. Bria prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a cottee mug is (i. (Click the icon to view aclual cost and production information) based on static budget volume of 59,900 cotfoe mugs per month: Read the (Cick the ioon to view the cogt data.) Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC= actual cost: AC= actual quantity; FO+= foced ovorthead; SC= standard cost; SSO = standard quantity) Bria manufactures coffee mugs that it selis to other companies for customizing with their own logos. Bria prepares flexible budgets and uses a standard oost system to control manufacturing costs. The standard unit cost of a coffee mug is Actual cost and production iniformation for July 2024 foliows: based on static budget volume of 59,900 colfee mugs per month (i) (Cick the icon lo view actial cost and production information ) (Click the icon fo view the cost dala.) Resd the tequitimente. Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Seloct the required formulas, oompute the cost variances for direct matorials and direct labor, and identify whether each variance is lavorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AO = actual quantify: FOH = foved overhead, SC = standard cost: SQ = standard quantily.) Data table More info a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,600 coffee mugs. c. Actual direct materials usage was 10,000lbs, at an actual cost of $0.17 per lb. d. Actual direct labor usage was 199,000 minutes at a total cost of $27,860. e. Actual overhead cost was $7,960 variable and $32,940 fixed. f. Selling and administrative costs were $123,000. Requirements 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. Journalize the movement of all production costs from Work-in-Process Inventory. Journalize the adjusting of the Manufacturing Overhead account. 5. Bria intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? Bria manufactures coffee mugs that it sells to other companies for customizing Actual cost and production information lor July 2024 follown: with their own logos. Bria prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a cottee mug is (i. (Click the icon to view aclual cost and production information) based on static budget volume of 59,900 cotfoe mugs per month: Read the (Cick the ioon to view the cogt data.) Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC= actual cost: AC= actual quantity; FO+= foced ovorthead; SC= standard cost; SSO = standard quantity)