Problem 16-79 (Algo) Production Cost Variance Analysis (LO 16-5, 6) Harlow Parts produces a single product at its Superior Plant. The master budget for July follows: The following operating income statement shows the actual results for July: Variable overhead is applied on the basis of machine-hours. The standard cost sheet follows: Standard production conta Direct materials Diroct labor Varlable overhead Fixed overhead Total unit cost 5.00kilo grams 0.50 direct labor-houra 0.75 machine-hours 0.50 direct labor-hours e $6.35$31.750 33.5016.750 \begin{tabular}{ll} e 43.00 & 32.250 \\ e 48.00 & 24.000 \\ \hline \end{tabular} $104.750 The actual resource usage for July per unit of output follows: Actual production costs Direet materials Direct labor Variable overhead Fixed overhead Total unit cost 5.60kilo grams 0.48 direct labor-hours 0.70 machine-hours 0.48 direct labor-hours e) $5.80$32.48 \begin{tabular}{ll} e 39.0018.72 \\ \hline 88.00 & 33.60 \end{tabular} 33.60 45.00 Required: Prepare a manufacturing cost variance analysis for the Superior Plant for July. Note: Do not round intermediate calculations and Round your answers to the nearest whole dollar amount. Indicate the each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Variable overhead Fixed overhead 0.48 direct labor-hours 48.00 e 45.00 33,60 Total unit cost Required: Prepare a manufacturing cost variance analysis for the Superior Plant for July. Note: Do not round intermediate calculations and Round your answers to the nearest whole dollar amount. Indicate each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option