Problem 16-59 Find Actual and Budget Amounts from Variances (LO 16-5, 6)

Assume that Timekiller, Inc., manufactures a new electronic game console. The current standard costs sheet for a game console follows:

Direct materials, ? kilograms at $5 per kilogram	$	?	per game
Direct labor, 0.25 hours at ? per hour		?	per game
Overhead, 0.25 hours at ? per hour		?	per game
Total costs	$	12	per game

Assume that the following data appeared in Timekillers records at the end of the past month:

Actual production		33,500	units
Actual sales		24,000	units
Materials (45,500 kilograms)	$	232,600
Materials price variance		5,100	U
Materials efficiency variance		26,500	U
Direct labor price variance		36,190	U
Direct labor (7,700 hours)		128,590
Underapplied overhead (total)		3,900	U

There are no materials inventories.

Required:
(a)		Complete the standard cost sheet for a game console given below. What was the direct labor efficiency variance? (Round kilograms to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

(b)		Assume that all production overhead is fixed and that the $3,900 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts?