NOW Assignment CengageNOWv2 | Online teachin x *Homework Help - Q& A from On! signment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=false Calculator The standard cost sheet for a product is shown. Standard Cost Manufacturing Costs Standard price Standard Quantity per unit Direct materials $4.30 per pound 6.00 pounds 25.80 Direct labor $12.33 per hour 2.20 hours $ 27.13 Overhead $2.40 per hour 2.20 hours 5.28 $ 58.21 The company produced 3,000 units that required: 18,500 pounds of material purchased at $4.15 per pound . 6:510 hours of labor at an hourly rate of $12.63 per hour . Actual overhead in the period was $16,250 Fill in the Budget Performance Report for the period: Some amounts are provided. Round your answers four intermediate calculations Manufacturing Costs: 3,000 units Costs Costs Direct materials $76.775 Direct labor hpHD Webcam HD Video Conferencing CNOW Assignment X CengageNOWv2 | Online teachin x * Homework Help . Q&A from On x ssignment/takeAssignmentMain.do?invoker= &takeAssignmentSessionLocator=&inprogress=false Calculator Overhead 16,250 5.28 Split the direct materials cost variance into the materials price varaince and the Direct materials quantity the price variance from the quantity variance so be sure to use factors that do not overlap. Also rememb direct material cost variance. Direct materials price variance: Direct materials quantity variance: (Actual price -Standard price) x actually [Actual quantity - Standard quantity) quantity award yarprice 725 favorablein Split the direct labor cost variance into the direct labor vote variance and the direct lebor time variance Re farlance from the efficiency variance so be sure to use factors that do not overlap. Also remember that the abor cost variance. Direct labor rate variance: Direct labor time variance "(Actual rate - Standard rate) x al phil (Actual hours - Standard hours) x hours labor rate Manufacturing variances are period costs that are for he incom recorded as a ra and an unfave Check my work