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adSound manufactures headphone cases. During September 2024 , the company produced and sold 108,000 cases and recorded the following cost data. (Click the icon to vlew the cost data) Data table di direct labor, and identidy whether each varlance is favorable (F) or hdard cost SO= standard quantiy) ts materials and direct labor, and identify whether each variance is thead. SC= standard cost 50 = standard quantity) Requirements 1. Compute the cost and efficiency variances for direct materials and direct labor. 2. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. 3. HeadSound's management used better quality materials during September. Discuss the trade-off between the two direct material variances. Kequirement 1. Compute the cost and efscency vanances for decect matenats and direct laboc Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorabie ( F ) or unfavorable (U) (Abbreviations used AC= actual cost, AO= actual quantity. FOH= fored overhead, SC= standard cost SO= standard quantity) variances for direct matorials and divect labor, and identify whether each variance is ency varlances and the fored overhead cost and volume varlances. las. compute the variable overhead cost and efficiency variances and idensty whether actual quantity FOH - fixid ovethead: SC standard cost: SO - standard quantity. Kequirement 1. Compute the cost and emciency vanances for direct matenats and drect labor Begin with the cost variances. Seloct the required formulas, compuse the cost variances for direct materials and direct labor, and identify whether each variance is tavorable (F) or Next compute the efficiency variances Select the required formulas, compute the oticiency variances for direct materials and direct labor, and identify whether each variance is Requirement 2. For manufacturing overhead, compute the variable oveihead cost and efliciency cariances and the fixed overhead cost and volume variances Now corpute the variable overhead cost and elficiency varlances Select the required formulas compute the varlable ovehoad cost and efficiency variancen, and identify whether VOH = varlabie overhead) Now compute the variable overhead cost and elliciency variances. Select the required formulas, compute the variable overbead cost and effichency variances, and idensty whether VOH = variable ovorhead.) Now compule the fuxed overhead cost and volume variances, Select the required formulas, compule the fued overhead cost and volume vaniances, and identily whether each Requirement 3. HeadSound's management used better qualiy materials durkg Seplember. Discuss the trade-oll between the fwo direct material variances HeadSounds management knew that using higher qualty materials would result in ain They hoped these materials woud resut in more efficiert usage than 'standard" materiaks The result was an overal Now compute the variable overhead cest and efficiency variances Select the required formulas, coripute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used AC= actual cost, AO= actual quantily, FOH= faxed overhead, SC= standard cost, SQ= standard quantily, VOH = varlable overtiead ) Now compute the fixed overhead cost and volumet variances Select the req variance is favorable (F) or unfavorable (U) (Abbreviations used: AC= actu. iriances, and identify whether each lard cost. SQ = standard quantity. Requirement 3. HeadSound's management used better quality materials of aterial variances HeadSound's management knew that using higher quality materiak would n hoy hoped these materials would result