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please solve it correctly and decide whether it is Favorable or unfavorable Problem 23-7A Costello Corporation manufactures a single product. The standard cost per unit

please solve it correctly and decide whether it is Favorable or unfavorable image text in transcribed
Problem 23-7A Costello Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-3 pound plastic at $6.33 per pound Direct labor-1.50 hours at $12.00 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $18.99 18.00 12.00 9.00 $57.99 The predetermined manufacturing overhead rate is $14 per direct labor hour ($21.00 = 1.50). It was computed from a master manufacturing overhead budget based on normal production of 7,650 direct labor hours (5,100 units) for the month. The master budget showed total variable costs of $61,200 ($8.00 per hour) and total fixed overhead costs of $45,900 ($6.00 per hour). Actual costs for October in producing 4,200 units were as follows. Direct materials (12,760 pounds) Direct labor (6,160 hours) Variable overhead Fixed overhead Total manufacturing costs $ 84,216 75,768 65,268 24,942 $250,194 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. Compute the overhead controllable variance and the overhead volume variance. Overhead controllable variances Overhead volume variances Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 1 of 2 used

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