Question 11 - Chapter 11 Lab Du x + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPtEwij9UIZGOwdpDWesEnnTSu2jotql1bNC1F1ho9aSTrHn... Q Q 2 x I J Chapter 11 Lab Due December 3rd 11:45 pm i Saved Help Save & Exit Submit Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labour standards for one 11 unit of Zoom follow: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 4.10 kilograms $1.90 per kilogram 5 7.79 10 Direct labour 0.42 hour $9.00 per hour 3.78 points Variable overhead 0.42 hour $1.50 per hour 0.63 The budgeted fixed overhead cost is $14,413 per month. The denominator activity level of the allocation base is 1,134 direct labour- hours. eBook During the most recent month, the following activity was recorded: References a. 9,800 kilograms of material were purchased at a cost of $2.18 per kilogram. b. All of the material purchased was used to produce 2,700 units of Zoom. c. A total of 780 hours of direct labour time was recorded at a total labour cost of 9,126. d. The variable overhead cost was $1,560, and the fixed overhead cost was $22,533. Required: 1. Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Materials price variance Materials quantity variance 2. Compute the direct labour rate and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Labour rate variance Labour efficiency variance Hill Type here to search O T MIN 3.C Partly cloudy ~0 ! () ENG 5:59 PM 2022-12-03Question 11 - Chapter 11 Lab Du x + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPtEwlj9UIZGOwdpDWesEnnT8u2jotqlJ1bNC1F1ho9aSTrHnzudW... Q 2 * Chapter 11 Lab Due December 3rd 11:45 pm Saved Help Save & Exit Submit 11 10 3. Compute the variable overhead spending and efficiency variances for the month. (Indicate the effect of each variance by selecting points "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance). Round "Efficiency variance" to 2 decimal places.) Book Variable overhead spending variance Variable overhead efficiency variance n References 4. Compute the fixed overhead budget and the volume variances for the month. (Round intermediate calculations to the nearest whole dollar amount. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Fixed overhead budget variance Fixed overhead volume variance Mc Hill Type here to search O E MIN 3.C Partly cloudy ~ ! () ENG 6:00 PM 2022-12-03Question 11 - Chapter 11 Lab Du x + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPtEwlj9UIZGOwdpDWesEnnT8u2jotqlJ1bNC1F1ho9aSTrHnzudW... Q 2 * Chapter 11 Lab Due December 3rd 11:45 pm Saved Help Save & Exit Submit 11 10 points 5. Compute the underapplied or overapplied overhead for the month. (Round intermediate calculations and round final answer to 2 decimal places. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect Book (i.e., zero variance).) References Total variable overhead variance Total fixed overhead variance overhead is Mc Hill Type here to search O Ei MIN 3.C Partly cloudy ~ ! () ENG 6:00 PM 2022-12-03