Netflix X *3 Assignments: ACCT-20203( X 6 Question 3 Ch 10 HW - Coni X 9 Marvel Parts, Incorporated, rn X + v , ,z\\ 0' eztomheducationcoms'a rule: liimlz',' (ii-cw idllwliiil liliI'liil'Zilil I'l'll : mm illl'il-\"1.'Flllt,l'll'ili'itllvv'wi "i l\\ Update Ch 10 HW 0 Saved Help Save 8: Exit Submit 6.68 Marvel Parts, Incorporated, manufactures auto accessories One of the company's products is a set of seat covers that can be adjusted poms to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1230 hours each month to produce 2050 sets of covers. The standard costs associated with this level of production are: Problem 10-9 (Algo) Comprehensive Variance Analysis [LO10-1, LO10-2, LO10-3] Q Per Set of eBook Total Covers Direct materials 3 27,675 $ 13.50 Direct: labor $ 3,610 4.20 Variable manufacturing overhead (based Hint on direct laborhours) $ 4,920 2.40 $ 20 . 10 'EF During August, the factory worked only 750 direct laborehours and produced 1,500 sets of covers. The following actual costs were Print . recorded during the month: a Total Per Set of References Covers Direct materials {3,900 yards) $ 19,500 $ 13.00 Direct labor $ 6,600 4.40 Variable manufacturing overhead $ 4,800 3.20 3 At standard, each set of covers should require 18 yards of material. All ofthe materials purchased during the month were used in production Required: 1. Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency variances for August. 3. Compute the variable overhead rate and efficiency variances for August. (Do not round intermediate calculations. 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 values.) l1 \"mm. "a\". we...\" F F % .<.t netflix x acct-2020-301- question ch hw conne g marvel parts incorporated ma c ezto.mheducation.com update : i saved help save exit submit check my work total per set of covers direct materials yards labor variable manufacturing overhead points at standard each should require material. all the purchased during month were used in production. required: book compute price and quantity variances for august. rate efficiency august hint not round intermediate calculations. indicate effect variance by selecting favorable unfavorable no zero input amounts as positive values. print references mc graw prey next> Hill