Problem 16-71 (Algo) Find Actual and Budget Amounts from Variances (LO 16-5, 6) J\&W Corporation manufactures a new electronic game console. The current standard cost sheet for a game console follo Assume that the following data appeared in J\&W's records at the end of the past month. There are no materials inventories. Required: a-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $19,500 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Complete the standard cost sheet for a game console given below. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Required: a-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $19,500 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Prepare a variance analysis for direct materials and direct labor. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Required: a-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $19,500 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Assume that all production overhead is fixed and that the $19,500 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts