Problem 9-18 (Static) Comprehensive Vartance Analysis [LO9-4, LO9-5, LO9-6) Miller Toy Company manufactures n plaute swimming pool at its Westwood Plant. The plant has been experiending probleme as shown by its June contribution format income statement below. Flex ADI Sales (15,0pools) 525. Variantep Variable cost of goods solo 45,000 Variable in ponses 20.00 20.00 Total variable 455, Contribution margin 220, 191 Fisies Manufacturing the 11. 13.00 Selling and disinistrative . 84,000 Total Fixed 214,000 wtrating incon (los) . $ "Contains direct materials, direct labor, and variable manufacturing overhead Janet Dunn, who has just been appointed general manager of the Westwood Plant has been given instructions to get things under control Upon reviewing the plant's income statement Ms. Dunn has concluded that the major problemes to the variable cout of goods sold. She has been provided with the following standard cost per swimming pool Standard Quantity or Stand Hours SW Cot Direct strats 3. de $15.00 Ort Labor 15.00 . Variable acting read 0.4 hours $ Tutal standard cont port 2. "Based on machine hours. During June the plant produced 15,000 pools and incurred the following costs Purchased 60,000 pounds of materials to cost of $495 per pound b. Uued 49,200 pounds of materials in production finished goods and work in process inventaries are hignificant and can be Ignored Worked 1.800 direct labor hours sts cost of $1700 per hour di incurred variable manufacturing overhead cost totaling $19.290 for the month. A total of 5.900 machine-hours was recorded is the company's policy to close al variances to cost of goods sold on a monthly Required: Compute the following variances for June Materiais price and quantity Valances b.laborate and eficiency variances Varble overhede ondefficiency orice 2. Summarize the voices that you computed in above by showing the net overall favorable on for the month 2. Summarize the variances that you computed In (1) above by showing the net overall favorable or unfavorable variance for the mos Complete this question by entering your answers in the tabs below. Red Required la Compute the following variancastor June, material price and quantity variances 1b. Compute the following variances for June, laborate and efficiency varianos le Compute the following variances for June, variable overhead rate and efficiency varianos Do not round your intermediate calculation indicate the effect of each variance by selecting for favorable for unfavorable, and None for no effect (le, era variance Install amount as positive values Show a Maria variando la Moto Quantity variance b. Laboratoare 15. Lorency and Vrabiedt vand Vacheroyance Required 2 Problem 9-18 (Static) Comprehensive Vartance Analysis [LO9-4, LO9-5, LO9-6) Miller Toy Company manufactures n plaute swimming pool at its Westwood Plant. The plant has been experiending probleme as shown by its June contribution format income statement below. Flex ADI Sales (15,0pools) 525. Variantep Variable cost of goods solo 45,000 Variable in ponses 20.00 20.00 Total variable 455, Contribution margin 220, 191 Fisies Manufacturing the 11. 13.00 Selling and disinistrative . 84,000 Total Fixed 214,000 wtrating incon (los) . $ "Contains direct materials, direct labor, and variable manufacturing overhead Janet Dunn, who has just been appointed general manager of the Westwood Plant has been given instructions to get things under control Upon reviewing the plant's income statement Ms. Dunn has concluded that the major problemes to the variable cout of goods sold. She has been provided with the following standard cost per swimming pool Standard Quantity or Stand Hours SW Cot Direct strats 3. de $15.00 Ort Labor 15.00 . Variable acting read 0.4 hours $ Tutal standard cont port 2. "Based on machine hours. During June the plant produced 15,000 pools and incurred the following costs Purchased 60,000 pounds of materials to cost of $495 per pound b. Uued 49,200 pounds of materials in production finished goods and work in process inventaries are hignificant and can be Ignored Worked 1.800 direct labor hours sts cost of $1700 per hour di incurred variable manufacturing overhead cost totaling $19.290 for the month. A total of 5.900 machine-hours was recorded is the company's policy to close al variances to cost of goods sold on a monthly Required: Compute the following variances for June Materiais price and quantity Valances b.laborate and eficiency variances Varble overhede ondefficiency orice 2. Summarize the voices that you computed in above by showing the net overall favorable on for the month 2. Summarize the variances that you computed In (1) above by showing the net overall favorable or unfavorable variance for the mos Complete this question by entering your answers in the tabs below. Red Required la Compute the following variancastor June, material price and quantity variances 1b. Compute the following variances for June, laborate and efficiency varianos le Compute the following variances for June, variable overhead rate and efficiency varianos Do not round your intermediate calculation indicate the effect of each variance by selecting for favorable for unfavorable, and None for no effect (le, era variance Install amount as positive values Show a Maria variando la Moto Quantity variance b. Laboratoare 15. Lorency and Vrabiedt vand Vacheroyance Required 2