Problem 16-73 (Algo) Find Actual and Budget Amounts from Variances (LO 16-5, 6) Copiand Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device follows: Assume that the following data appeared in Copland's records at the end of the past month: There are no materials inventories. Required: a. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $26,200 overapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? c. Complete the standard cost sheet for a device given below. Complete this question by entering your answers in the tabs below. Prepare a variance analysis for direct materials and direct labor. Problem 16-73 (Algo) Find Actual and Budget Amounts from Variances (LO 16-5, 6) Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device follows: Assume that the following data appeared in Copland's records at the end of the past month: There are no materiais inventories: Required: a. Prepare a varlance analysis for direct materials and direct labor: b. Assume that all production overhead is fixed and that the $26,200 overapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? c. Complete the standard cost sheet for a device given below. Complete this question by entering your answers in the tabs below. Assume that all production overhead is fixed and that the $26,200 overapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Problem 16-73 (Algo) Find Actual and Budget Amounts from Variances (LO 16-5, 6) Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device follows: Assume that the following data appeared in Copland's records at the end of the past month: There are no materials inventories. Required: a. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $26,200 overapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? c. Complete the standard cost sheet for a device given below. Complete this question by entering your answers in the tabs below. Complete the standard cost sheet for a device given below. Note: Do not round intermediate calculations