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pls help! thank u! Wondertull Not only did our salespeople do a good job in meeting the sales budget this yeac, but our production people

pls help! thank u!
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Wondertull Not only did our salespeople do a good job in meeting the sales budget this yeac, but our production people did a good job in controlling costs as well," said Kim Clark, president of Martell Company, "Our $52,800 overall manufacturing cost variance is only 2.0% of the $2,640,000 standard cost of products made during the yeat. That's well within the 3% parameter set by management for acceptoble variances. It looks like everyone will be in line for a bonus this year:" The company produces and sells a single product. The standard cost card for the product follows: The following additional information is available for the year just completed: a. The company manufactured 25,000 units of product during the year b. A total of 97,000 feet of material was purchased during the year at a cost of $3.60 per foot. All of this material was used to manutacture the 25,000 units produced. There were no beginning or ending inventories for the year. c. The company worked 66,000 direct tabor-hours during the year at a direct labor cost of $1180 pec houc: d. Overhead is applied to products on the basis of standard direct labor-hours. Dota relating to manufacturing overhead costs follow: Required: 1. Compute the materials price and quantity yariances for the year 2. Compute the labor rate and efficiency varionces for the year 3. For manufacturing overhead compute: a. The vorioble overhead rate and efficiency variances for the year b. The fxed oyerheod budget and volume variances for the yeae Required: 1. Compute the materials price and quantity variances for the year. 2. Compute the labor rate and efficiency varlances for the yeat. 3. For manufacturing overhead compute: a. The variable overhead rate and efficiency variances for the year. b. The fixed overhead budget and volume variances for the yeat. (For all requirements, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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