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please answer all of the following ASAP 7. Calculate the direct materials cost variance. Select the formula, then enter the amounts and compute the cost
please answer all of the following ASAP
7. Calculate the direct materials cost variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfirvorable ( U ). 8. Calculate the direct materials efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). 9. Calculate the total direct materials variance and identify whether the variance is favorable or unfavorable. The totat direct matertals variance is Jackson Company manulactures shirts. During Junn, Jackson made 1,300 stirts and gathered the folowing additional data (Click on the kicon to view the data) Data table Requirements 10. Calculate the direct labor cost variance Select the formula, then enter the amounts and compute the cost variance for direct labor and idontify whether the variance is favorable (F) or unfavarable (U) 11. Calculate the direct labor efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for direct labor and idensify whether the varlance is favorable (F) or unfavorable (U). 12. Calculate the total direct labor variance and identify whother the variance is favorable or unfavorable The total direct labor variance is Step by Step Solution
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