Requirement 1. Prepare a schedule of total standard manufacturing costs for the 8,800 output units in January 2020. Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Total Requirement 2. For the month of January 2020, 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 Quantity * Budgeted Price Actual Costs Flexible Incurred 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. Actual Costs Actual Input Quantity Flexible Incurred * Budgeted Price Budget Direct Manufacturing 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 Actual Costs Quantity * Budgeted Flexible Allocated Incurred Price Budget Overhead Variable Manufacturing Overhead Finally, complete the table for fixed overhead. Same Budgeted Lump Actual Costs Sum Regardless of Flexible Allocated Incurred Output Level Budget Overhead Fixed Manufacturing Overhead e. The total manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is 8. The production-volume variance isThe Bilodeau 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 (DMLH). At the beginning of 2020, Bilodeau adopted the following standards for its manufacturing costs: (Click to view the standards.) (Click to view additional information.) Read the requirements. Re X Data table - X Data table Val Cost per Input Output Unit The denominator level for total manufacturing overhead per month in 2020 is 41,000 direct manufacturing labor-hours. Bilodeau's budget for January 2020 was based on this Direct materials 5 lb. at $7 per lb. 35.00 denominator level. The records for January indicated the following: To Direct manufacturing labor 4 hrs. at $11 per hr. 44.00 Direct materials purchased 45,700 lb. at $8.75 per lb. Re Variable manufacturing overhead 57 per DMLH 28.00 Direct materials used 42,700 lb Fixed manufacturing overhead 50 per DMLH 38.00 Direct manufacturing labor 35,400 hrs. at $10.50 per hr. Standard manufacturing cost per output unit 143.00 Total actual manufacturing overhead (variable and fixed) $600,000 Actual production 8,600 output units Print Done Print Done