"P12.543 (LO 2, 3) Milberg Co. uses absorption costing and standard costing to improve cost control. In 2020. the total budgeted overhead rate was $1.55 per direct labour hour. When preparing the budget, Milberg expected a monthly activity level of 10.000 direct labour hours. The monthly variable overhead cost budgeted for this level of activity was $9.500. The following data on actual results are provided for the month of November 2020. Materials purchased 20.000 units Direct labour costs incurred $36.000 Total of direct labour rate and efficiency variances 500 F Actual wage rate ($0.20 less than standard) 4.80 Underapplied variable overhead costs 1,065 U Total underapplied fixed and variable overhead costs 2.256 U Materials price variance 200 F Materials efficiency variance 610 F Price of purchased materials 0.60 per unit Materials used 15,000 units Instructions Identify and calculate as many different variances as you can for 2020. P12.55B (LO 2, 3) Harbaugh Manufacturing Company uses a standard cost accounting system. In 2020, 45.000 units were produced. Each unit took several kilograms of direct materials and two standard hours of direct labour at a standard hourly rate of $12. Normal capacity was 86,000 direct labour hours. During the year, 200,000 kg of raw materials were purchased at $1.00 per kilogram. All materials purchased were used during the year. Instructions a. If the materials price variance was $10.000 unfavourable, what was the standard materials price per kilogram? b. If the materials quantity variance was $23,750 favourable, what was the standard materials quantity per unit? c. What were the standard hours allowed for the units produced? d. If the labour quantity variance was $10,080 unfavourable, what were the actual direct labour hours worked? e. If the labour price variance was $18, 168 favourable, what was the actual rate per hour? f. If total budgeted manufacturing overhead was $713,800 at normal capacity, what was the predeter- mined overhead rate per direct labour hour? g. What was the standard cost per unit of product? h. How much overhead was applied to production during the year? i. Using one or more answers above, what were the total costs assigned to work in process