please use the correct format
there is a link below tagt takes you to a problem that is like how i would like the answer to be firmatted in. thanks
https://www.chegg.com/homework-help/questions-and-answers/peterson-awning-manufactures-awnings-uses-standard-cost-system-company-allocates-overhead--q50083715?trackid=fa74977d4040&strackid=31efdc1c5f13
Prall Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: (Click the icon to view the standards.) Actual cost and operating data from the most recent month are as follows: Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours Read the requirements Actual Results Requirement 1. Calculate the standard cost of one awning Standard cost Standard cost per unit Direct materials Direct labor Variable MOH Fixed MOH Purchased 47.700 yards at a total cost of $500,850 Used 44.100 yards in producing 1.800 awnings Actual direct labor cost of $52,592 for a total of 3,460 hours Actual variable MOH 57.266 Actual fixed MOH $26,100 Total standard cost Print Done Standard Price and Volume x Requirements - Standards Direct materials 250 yards per awning at $11.00 per yard Direct labor 20 hours per awning at $15.00 per hour Variable MOH standard rate $2.00 per direct labor hour Predetermined fred MOH standard rate $600 per direct labor hour Total budgeted fred MOH cost $20,600 Print Done 1. Coulate the standard cost of one awning 2. Calculate the following variances a The direct material variances b. The direct labor variances c. The variable manufacturing overhead variances d. The fixed manufacturing overhead variances 3. Explain what each of the variances you calculated means and give at least one possible explanation for each of those variances Are any of the Variances likely to be interrelated? Print Done Requirement 1. Calculate the standard cost of one awning. Standard cost Standard cost per unit Direct materials Direct labor Variable MOH Fixed MOH Total standard cost Requirement 2a. Calculate the direct material variances (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM Direct materials) First determine the formula for the price variance, then compute the price variance for direct materials DM price variano x Determine the formula for the quantity variance, then compute the quantity variance for direct materials - DM quantity variance xil Requirement 2b. Calculate the direct labor variances (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DL - Direct labor.) First determine the formula for the rate variance, then compute the rate variance for direct labor DL rate variance First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor x ) - DL efficiency variance x Show transcribed image text Practice X the number of bor hours The food are the command andere Direct Variance Die Labor Peterson Awning manufactures wings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: Cho the lon to view the standards Actual cost and operating data (Click the loon to view the All manufacturing overhead is Read the requirements Direct materials: Meaning Possible explanation Variance OM price OM Direct Labor Possible explanation Variance Meaning OL Mency Variable manufacturing overhead: Variance VO Meaning Possible explanation VOH Feed manufacturing overhead . Prall Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: (Click the icon to view the standards.) Actual cost and operating data from the most recent month are as follows: Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours Read the requirements Actual Results Requirement 1. Calculate the standard cost of one awning Standard cost Standard cost per unit Direct materials Direct labor Variable MOH Fixed MOH Purchased 47.700 yards at a total cost of $500,850 Used 44.100 yards in producing 1.800 awnings Actual direct labor cost of $52,592 for a total of 3,460 hours Actual variable MOH 57.266 Actual fixed MOH $26,100 Total standard cost Print Done Standard Price and Volume x Requirements - Standards Direct materials 250 yards per awning at $11.00 per yard Direct labor 20 hours per awning at $15.00 per hour Variable MOH standard rate $2.00 per direct labor hour Predetermined fred MOH standard rate $600 per direct labor hour Total budgeted fred MOH cost $20,600 Print Done 1. Coulate the standard cost of one awning 2. Calculate the following variances a The direct material variances b. The direct labor variances c. The variable manufacturing overhead variances d. The fixed manufacturing overhead variances 3. Explain what each of the variances you calculated means and give at least one possible explanation for each of those variances Are any of the Variances likely to be interrelated? Print Done Requirement 1. Calculate the standard cost of one awning. Standard cost Standard cost per unit Direct materials Direct labor Variable MOH Fixed MOH Total standard cost Requirement 2a. Calculate the direct material variances (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM Direct materials) First determine the formula for the price variance, then compute the price variance for direct materials DM price variano x Determine the formula for the quantity variance, then compute the quantity variance for direct materials - DM quantity variance xil Requirement 2b. Calculate the direct labor variances (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DL - Direct labor.) First determine the formula for the rate variance, then compute the rate variance for direct labor DL rate variance First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor x ) - DL efficiency variance x Show transcribed image text Practice X the number of bor hours The food are the command andere Direct Variance Die Labor Peterson Awning manufactures wings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: Cho the lon to view the standards Actual cost and operating data (Click the loon to view the All manufacturing overhead is Read the requirements Direct materials: Meaning Possible explanation Variance OM price OM Direct Labor Possible explanation Variance Meaning OL Mency Variable manufacturing overhead: Variance VO Meaning Possible explanation VOH Feed manufacturing overhead .
