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please answer requirments 3,4, and 5!! Will give thumbs up Kyler manufactures coffee mugs that it sells to other companies for customizing with their cwer

please answer requirments 3,4, and 5!! Will give thumbs up image text in transcribed
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Kyler manufactures coffee mugs that it sells to other companies for customizing with their cwer logos. Kyler prepares flexible budgats and uses a standard cost system to control manutacturing costs. The standard unit cost of a colloe mug is basod on static budget volume of 59,900 cottee mugs per month: (Click the icon to virw the cost data.) Actual cost and production information for July 2024 folows: 1. (Click the icon to vew actual cost and production intormation) Read the tecuicements. Joumalize the incurrance and assignment of drect laber costs, including the related variances. (Prepare a single conpound joumal entry) Requirement 3. For manufacturing overhead, compute the variable crehead cost and efficency variances and the foed overheod cost and velume variancos. Begin with the variable overtend cost and efficiency variatpes. Select the required formulas, compute the variable overheat cost and efficiency variancess, and idently whother each varance is actual quantity, FOH= fixid oreithead, SC - suandard cost 8O - standard quantity, vOH = variablo orechead.) 1. Compute the cost and efficiency variances for drect materials and direct Labor: 2. Journalze the purchase and usoge of direct materials and the assignment of direct labor, including the related variances. 3. For manulacturing overthead, compute she variable overhead cost and efficiency variances and the fixed ovecheod cost and volume variances. 4. Journalize the actual manutacturing overhend and the allocated manulacturing overhead. Joumaken the movocenent of all production costs from Work-in-Process imveotory, Journalize the adjusting of the Manutacturing Overhead occount. 5. Kyler intentionally hired more highly skaled workers during July. How ded thys decision affect the cost variances? Ovina1, was the decision Wise? More info a. There ware no beginning or ending inventory balances. All axpenditures wose on accosint. b. Actual production and sales were 02,600 coffeo mugs Begin with the varisble overhend c: c. Actual direct materials usage was 10,000 los. at an actual cost of $0.17 per b. favorable (F) or untiavorable (U). (F d. Actual drect labor usage was 190,000 minutes at a total cont of $31,840. e. Actual overtiend cost was $3,980 variable and $36,920 fived. f. Seling and administrisive costs were $126,000

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