Part $1$ of $4$

Points: $0$ of $10$

Sutherland Company produced $7,000$ book bags in June, and actual amounts were as follows:

$($Click the icon to view the actual amounts.$)$

Sutherland's standards were as follows:

$($Click the icon to view the standards.$)$

Requirements

Compute cost and efficiency variances for direct materials, direct labor, and variable overhead.

Compute the cost and volume variances for fixed overhead.

Requirement $1.$ Compute cost and efficiency variancs for direct materials, direct labor, and variable overhead.

Select the formulas to calculate direct materials cost and efficiency variances, then enter the variance amounts and the total. $($Abbreviations used: $AC=$actual cost; $AQ=$actual quantity; FOH fixed overhead; SC $=$ standard cost; SQ $=$ standard quantity. Label each variance as favorable $($F$)$ or unfavorable $($U$).$ Enter a $"0"$ for any zero balances. For any $$0$ variances, leave the Favorable $($F$)/$Unfavorable $($U$)$ input blank.$)$

$\backslash$table$[[$Formula$,$Variance,$],[$Direct materials cost variance,$=,],[$Direct materials efficiency variance,,$$