Please calculate the direct labor rate and efficiency variances for November, Calculate the fixed overhead spending variance for November, Calculate the variable overhead spending and efficiency variances for November, Calculate the direct materials price and quantity variances for November. 
Problem 6-32 Waterway, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows Standard Price Standard Quantity Standard Cost $6.00 6.00 2.00 3.00 17.00 yard 1.50 yards Direct materials Direct labor Variable overhead Fixed overhead $4 per $12 per DLH .50 DLH 0.50 DLH 0.50 DLH $4 per DLH $6 per DLH Sandy Robison, operations manager, was reviewing the results for November when he became upset by the unfavorable variances he was seeing. In an attempt to understand what had happened, Sandy asked CFO Suzy Summers for more information. She provided the following overhead budgets, along with the actual results for November The company purchased and used 79,900 yards of fabric during the month. Fabric purchases during the month were made at $3.90 per yard. The direct labor payroll ran $320,950, with an actual hourly rate of $12.25 per direct labor hour. The annual budgets were based on the production of 45,000 shirts, using 252,000 direct labor hours. Though the budget for November was based on 50,100 shirts, the company actually produced 52,100 shirts during the month Variable Overhead Budget Indirect material Indirect labor Equipment repair Equipment power Annual Budget Per Shirt November-Actual 50.90 0.60 0.40 0.10 $2.00 $454,000 303,000 204,000 46,000 $1,007,000 $48,700 31,300 20,100 7,300 $107,400 Total Fixed Overhead Budget Annual Budget November-Actual $21,000 28,000 6,800 25,900 20,200 24,700 S126,600 $262,000 348,000 80,000 316,000 215,000 279,000 $1,500,000 Supervisory salaries Insurance Property taxes Quality inspection Total (a) Calculate the direct materials price and quantity variances for November. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct material price variance Direct material quantity variance s (b) Calculate the direct labor rate and efficiency variances for November. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct labor rate variance Direct labor efficiency variance (c) Calculate the variable overhead spending and efficiency variances for November. (Round answers to O decimal places, e.g. 125. If variance is zero, select Not Applicable" and enter 0 for the amounts.) Variable overhead spending variance $ Variable overhead efficiency variance $ (d) Calculate the fixed overhead spending variance for November. (Round answer to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable and enter 0 for the amounts.) Fixed overhead spending variance $
