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Please show calculations, this is my last attempt. Will leave thumb up if correct. Standard Price Standard Quantity Standard Cost Direct materials $3 per yard

Please show calculations, this is my last attempt. Will leave thumb up if correct.image text in transcribedimage text in transcribedimage text in transcribed

Standard Price Standard Quantity Standard Cost Direct materials $3 per yard 2.00 yards $6.00 Direct labor $14 per DLH 0.75 DLH 10.50 Variable overhead $3.20 per DLH 0.75 DLH 2.40 Fixed overhead $3 per DLH 0.75 DLH 2.25 $21.15 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 80,600 yards of fabric and used 92,200 yards of fabric during the month. Fabric purchases during the month were made at $2.80 per yard. The direct labor payroll ran $442,225, with an actual hourly rate of $12.25 per direct labor hour. The annual budgets were based on the production of 586,000 shirts, using 436,000 direct labor hours. Though the budget for November was based on 44,100 shirts, the company actually produced 40,600 shirts during the month. Variable Overhead Budget Annual Budget Per Shirt November-Actual Indirect material $455,000 $1.20 $49,000 Indirect labor 299,000 0.75 31,500 Equipment repair 201,000 0.30 20,200 Equipment power 48,000 0.15 7,400 Total $1,003,000 $2.40 $108,100 Fixed Overhead Budget Annual Budget November-Actual Supervisory salaries $256,000 $21,900 Insurance 351,000 27,700 Property taxes 76,000 6,900 Depreciation 324,000 26.000 Utilities 217,000 20,800 Quality inspection 276,000 24,500 Total $1,500,000 $127,800 (a) Calculate the direct materials price and quantity variances for November. (If variance is zero, select "Not Applicable" and enter Ofor the amounts.) $ Direct material price variance $ Direct material quantity variance (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 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 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter for the amounts.) GA $ > Variable overhead spending variance $ Variable overhead efficiency variance (d) Calculate the fixed overhead spending variance for November. (Round answer to decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter for the amounts.) $ 1000 Unfavorable Fixed overhead spending variance

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