Question Heb Kyler ma t ures coffee mugs that to other companies for custom with her own logos precarsible budgets and uses a standard costs to control manufacturing costs. The standard unit cost of a coffee mug is based on a budget volume of 60 200 o mugs per month Click the icon to view the cost data) Actual cost and production information for a 2018 Read the recents Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the con variances Select the round for compute the cost variances for direct NO actual quantity. FOH od overhead SC standard cost S tandard quantity and director and whether each one is favorab o AC Variage Demanas cost variance Direct labor con anco Formula CC H H (ACS)YAD $ $ 800 F 5.000 - Select the required forms, compute the efficiency wariances for direct materials and director and FOH te verhead: SC andand cost S tandard Guantity) whereach variance is favorable Abreviations et AC A D (AD-SOIXAC Director's cyane - Direct laboreficiency variance Choose from any or any number in the puts and then click Check Answer More into 0.05 0.36 Direct Materials ( 0.2 lbs @ $ 0.25 per lb) Direct Labor (3 minutes @ $0.12 per minute) Manufacturing Overhead Variable 3 minutes 5 0.06 per minute) $ Fixed (3 minutes @ $ 0.14 per minute) 0.18 0.42 a. There were no beginning or ending inventory balances. Al expenditures were on account b. Actual production and sales were 62.900 coffee mugs c. Actual direct materials usage was 10,000 lbs at an actual cost of $0.17 perib, d. Actual direct labor usage was 202.000 minutes at a total cost of $30,300 e. Actual overhead cost was $11,110 variable and $20,590 feed. f. Selling and administrative costs were $130,000 0.00 Total Cost per Coffee Mug