Read the requirements Requirement 2. For the month of January 2017, compute the variances, indicating whether each is favorable (F) or unfavorable (U) Before computing the variances complete the tables below. Begin by completing the table for direct materials Actual Input Qty. Flexible Actual Costs Incurred Budgeted Price Purchases Usage Budget Direct materials a. Direct materials price variance, based on purchases, is $ b. The direct materials efficiency variance is $ Now complete the table for direct labor Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later (Click to view the standards.) E: (Click to view additional information.) ead the requirements. Actual Input Qty. Flexible Actual Costs Incurred Budgeted Price Budget Direct Manuf. Labor C. The direct manufacturing labor price variance is $ d. The direct manufacturing labor efficiency variance is $ Next, complete the table for variable overhead. Actual Input Qty. Actual Costs Incurred Flexible Budget Allocated Overhead Budgeted Price Variable Manuf. OH Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later (Click to view the standards.) (Click to view additional information.) ead the requirements Actual Costs Flexible Budget Allocated Overhead Incurred Budgeted Price Variable Manuf. OH Finally, complete the table for fixed overhead Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level Flexible Budget Allocated Overhead Fixed Manut. OH e. The total manufacturing overhead spending variance is $ f. The vanable manufacturing overhead efficiency variance is $ L g. The production-volume variance is $ Choose from any list or enter any number in the input fields and then continue to the next question. egories: direct materials and direct manufacturing lanol. Manuduly andards for its manufacturing costs ation.) A Data Table ble get The denominator level for total manufacturing overhead per month in 2017 is 38,000 direct manufacturing labor-hours. Barrett's budget for January 2017 was based on this denominator level. The records for January indicated the following: Direct materials purchased 45,300 b at $5.20 per lb. Direct materials used 42,300 lb Direct manufacturing labor 32,900 hrs. at $11.50 per hr. Total actual manufacturing overhead variable and fixed) $675,000 Actual production 8,600 output units Flexible Budget Print Done egories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is a andards for its manufacturing costs: ation) Data Table Input Cost per Output Unit 25.00 48.00 5 lb. at $5 per lb 4 hrs. at $12 per hr $ Direct materials Direct manufacturing labor Manufacturing overhead Variable Fixed Flex Bud $7 per DLH $8 per DLH 28.00 32.00 Standard manufacturing cost per output unit 133.00 Print Done The Barrett Manufacturing Company's costing system has two direct-cost categories direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2017, Barrett adopted the following standards for its manufacturing costs: Click to view the standards.). (Click to view additional information.) Read the requirements Actual Input Qty. Actual Costs Incurred Flexible Budget Allocated Overhead Budgeted Price Variable Manuf. OH Finally, complete the table for fixed overhead Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level 338400 Flexible Budget Allocated Overhead Fixed Manut. OH e. The total manufacturing overhead spending variance is $ 109300 1. The variable manufacturing overhead efficiency variance is $ Choose from any list or enter any number in the input fields and then continue to the next