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Chapter 11 Lab Due December 4th 11:45 pm Due date extended to Dec 5th it... Sved 1 Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labour standards for one unit of Zoom follow Direct material Direct labour Variable overhead Standard Quantity or Wors 4.10 kilograns 0.42 hour 0.42 hour Standard Price or Rate $1.90 per kilogram $9.00 per hour $1.50 per hour Standard Coat 57.79 3.78 0.6) 10 ponts The budgeted fixed overhead cost is $14,413 per month. The denominator activity level of the allocation base is 1,134 direct labour- hours cos During the most recent month, the following activity was recorded: 0.9.800 kilograms of material were purchased at a cost of $2.18 per kilogram. b. All of the material purchased was used to produce 2.700 units of Zoom. c. A total of 780 hours of direct labour time was recorded at a total labour cost of 9126, d. The variable overhead cost was $1,560, and the fixed overhead cost was $22,533 References Required: 1. Compute the direct materials price and quantity variances for the month (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (.e., zero variancel) Materials price varande Materials Quantity variance Chapter 11 Lab Due December 4th 11:45 pm Due date extended to Dec 5th it. 1 10 D 2. Compute the direct lobour rate and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favourable. *U* for unfavourable, and "None" for no effect ... zero variance).) Labour rate variance Labour efficiency variante Prid Ruternicus 3. Compute the variable overhead spending and efficiency variances for the month (Indicate the effect of each variance by selecting "F* for favourable, "U" for unfavourable, and "None" for no effect dhe zero variance). Round "Efficiency variance" to 2 decimal places.) Variable overhead spending variance Variatie overhead officiency varice 1 4. Compute the fixed overhead budget and the volume vanances for the month (Round intermediate calculations to the nearest whole dollar amount. Indicate the effect of each variance by selecting F* for favourable. "U" for unfavourable, and "None" for no effectie, tero variancel) 10 Fred vead budget varance Fixed Overhead youre varianos . 5. Compute the underapplied or overapplied overhead for the month (Round Intermediate calculations and round final answer to 2 decimal places. Indicate the effect of each variance by selecting "F* for for de. "U" for unfavourable, and 'None" for no effect 6. zero variances) Total variable baad varande Total Dad averhead variance