please complete requirements 3,4,5

Kyee manafachires coffee mugs that it selis to other companies for customiting with their own Actual cost and production infoemation for July 2024 followe. logos. Kyler prepares fiexble budgets and uses a btandard cost system to control marulacturing (1) iClick the ioon to view actual cost and production information.) costs. The standard unit cost of a collee mug is based on static budget volume of 59,000 coffee Read the regivements. (Click the koon ta view the cost datn.) Requirement 3. For manulacturing overhead, compule the variable overhead cost and efficiency variances and the fxed overheyd cost and volume variances. Bogin wth the varisble overhead cost and efficiency variances. Seloct the requited formulas, compute the variable ovechead cost and efficiency variances, and identify ubether each variance ia favorable (F) or unfovorable (U). (Round any interim calculations to four decimal places. ,000, and your final answors to the neaneat whole doillar. Abbreviatons ised- AC * actual eort, AQ a actual quantily, FOH= fixed ovechead; SC = standard cost, SQ= standard quantity, VOH= variablo overtwood.) Now compute tee fixed overhead cost and volume varianses. Solect the required formulas, compute the foed ovechoad cost and volume variances, and identify whethor each variance is froonale 1. Compute the cost and efficincy variances for direct materials and droct labor. 2. Joumalize the purchase and usege of direct materials and the assigninent of drect labor, including the related vartances. 3. For manufacturing overtiead, compute the variable overhead cost and efficiency variances and the fixed overtead cost and volume variances. 4. Joumalize the actual manutacturing overhead and the allocated manufacturing owerhead. dourralize the movement of all production costs from Work-h.Process Inveniory. Joumalize the adfusting of the Manytacturing Overhead acoount. 5. Kyler intentionaly hired more highly skiled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? More info a. There were no beginning or anding inventory balances. All expendtures ware on account. b. Actual producticn and sales were 02.600collee mugs. c. Actual drect materials usage was 10,000lbs at an actual cost of $0,17 per lib. d. Actual direct labor usage was 199,000 minutes at a total cost of $31,840. Now compusa the fixed overhend coet and voluri (F) ar unfavorable (U), (Abbreviatons ised AC e. Actual ovechead cost was $3,990 variable and $36,920 foxed. f. Selling and administrative costs were $126,000 Kyee manafachires coffee mugs that it selis to other companies for customiting with their own Actual cost and production infoemation for July 2024 followe. logos. Kyler prepares fiexble budgets and uses a btandard cost system to control marulacturing (1) iClick the ioon to view actual cost and production information.) costs. The standard unit cost of a collee mug is based on static budget volume of 59,000 coffee Read the regivements. (Click the koon ta view the cost datn.) Requirement 3. For manulacturing overhead, compule the variable overhead cost and efficiency variances and the fxed overheyd cost and volume variances. Bogin wth the varisble overhead cost and efficiency variances. Seloct the requited formulas, compute the variable ovechead cost and efficiency variances, and identify ubether each variance ia favorable (F) or unfovorable (U). (Round any interim calculations to four decimal places. ,000, and your final answors to the neaneat whole doillar. Abbreviatons ised- AC * actual eort, AQ a actual quantily, FOH= fixed ovechead; SC = standard cost, SQ= standard quantity, VOH= variablo overtwood.) Now compute tee fixed overhead cost and volume varianses. Solect the required formulas, compute the foed ovechoad cost and volume variances, and identify whethor each variance is froonale 1. Compute the cost and efficincy variances for direct materials and droct labor. 2. Joumalize the purchase and usege of direct materials and the assigninent of drect labor, including the related vartances. 3. For manufacturing overtiead, compute the variable overhead cost and efficiency variances and the fixed overtead cost and volume variances. 4. Joumalize the actual manutacturing overhead and the allocated manufacturing owerhead. dourralize the movement of all production costs from Work-h.Process Inveniory. Joumalize the adfusting of the Manytacturing Overhead acoount. 5. Kyler intentionaly hired more highly skiled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? More info a. There were no beginning or anding inventory balances. All expendtures ware on account. b. Actual producticn and sales were 02.600collee mugs. c. Actual drect materials usage was 10,000lbs at an actual cost of $0,17 per lib. d. Actual direct labor usage was 199,000 minutes at a total cost of $31,840. Now compusa the fixed overhend coet and voluri (F) ar unfavorable (U), (Abbreviatons ised AC e. Actual ovechead cost was $3,990 variable and $36,920 foxed. f. Selling and administrative costs were $126,000