please help with the red

The standard unit cost of a jar of soap is based on static budget volume of 59800 soap jugs per month: Direct Materials (0.2 lbs. @ $0.25 per lb.) $0.05 Direct Labor (3 minutes @ $0.11 per minute) 0.33 Manufacturing Overhead: Variable (3 minutes @ $0.06 per minute) 0.18 Fixed (3 minutes @ $0.13 per minute) 0.39 0.57 Total Cost per Soap Jug $0.95 3 1 3 Actual cost and production information for July 2021 follows: a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62500 soap jugs. c. Actual direct materials usage was 11000 lbs. at an actual cost of $0.17 per lb. 2 d. Actual direct labor usage was 197000 minutes at a total cost of $25610. e. Actual overhead cost was $10835 variable and $29765 fixed. f. Selling and administrative costs were $95000. 5 3 Req 1 Compute the cost and efficiency variances for direct materials and direct labor. DM Cost Variance Formula: Variance: (AC-SC)*AQ (880) F DM Efficiency Variance Formula: Variance: (AQ-SQ) *SC F DL Cost Variance Formula: Variance: (AC-SCAQ 3,940U DL Efficiency Variance Formula: Variance: (AQ-SQ) *SC U Req2 Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances DR CR 2,750 Account & Explanation Raw Materials Inventory Accounts Payable Direct Materials Cost Variance Purchased Direct Materials 1,870 880 2,750 + Work In Process Inventory Raw Materials Inventory Direct Materials Efficiency Variance Used Direct Materials 3,940 Work In Process Inventory Direct Labor Cost Variance Direct Labor Efficiency Variance Wages Payable Direct Labor Costs incurred 93 For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. VOH Cost Variance Formula: Variance: (AC-SC) *AQ F VOH Efficiency Variance Formula: Variance: (AQ-SQ)*SC 570 U FOH Cost Variance Formula: Variance: Act. FOH - Bud FOH 6,443 U FOH Volume Variance Formula: Variance: Bud FOH- All FOH (1,053) F