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 follows. Direct materials, ? kilograms at $6 per kilogram Direct labor, 8.75 hours at ? per hour Overhead, 0.75 hours at ? per hour Total costs $2 per game ? per game ? per game $ 39 per game Assume that the following data appeared in J&W's records at the end of the past month. Actual production Actual sales Materials (128,500 kilograms) Materials price variance Materials efficiency variance Direct labor price variance Direct labor (31,000 hours) Underapplied overhead (total) 44,000 units 41,880 units 2 47,089 23,400 U 18,600 U 533,200 18,800 U There are no materials inventories. Required: 4-1. 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 $18.800 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Req B 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.) Direct materials: Price variance Eficiency variance Direct labor: Price variance U Efficiency variance CC 00 IF