Requirement {d} Compute the direct material price variance and indicate whether the variance is favorable or unfavorable: Determine the formu a. then compute the direc favorable (F) or unfavorable (UH material price var'ance. (Round dollar amounts to the nearest cent. Label the variance as { _ )x Direct material price variance ( _ )x lll_l Requirement {e} Compute the direct material quantity variance and indicate whether the variance is favorable or unfavorable: Determine the formu a. then compute the direc' material quantity variance. {Round dollar amounts to the nearest cent. Label the variance as favorable (F) or unfavorable (UH ( _ )x Direct material quantity variance { _ )x Requirement (f) Compute be direct labor rate variance and indicate whether the variance is favorable or unfavorable: Determine the formula. then compute the direct labor rate variance. (Round dollar amounts to he nearest cent. Label the variance as favorable (F) or unfavorable (U).) { _ )x Direct labor rate variance { _ )x Requirement (9] Compute the direct labor efficiency variance and indicate whether the variance is favorable or unfavorable: Determine the formula. then compute the direct labor efciency variance. (Round dollar amounts to the nearest cent. Label the variance as favorable (F) or unfavorable (U).) ( )x 2 Direct labor efciency variance { )x : Requirement (h) Compute the variable support rate variance and indicate whether the variance is favorable or unfavorable: Determine the formula. then compute the variable support rate variance. (Round dollar amoun s to the nearest cent. Label the variance as favorable (F) or unfavorable (U).) ( )x = Variable support rate variance { - )X : Requirement {i} Compute the variable support e'ficiency variance and indicate whether the variance is favorable or unfavorable: Determine the formula. then compute the variable support efficiency variance. (Round dollar amounts to the nearest cent. Label the variance as favorable (F) or unfavorable (U).) ( - )x 2 Variable support efciency variance { )x : Requirements Requirements Determine the following variances for October: {a} Total direct material cost variance {bi Total direct labor cost variance {:3} Total variable support cost variance {d} Direct material price variance {e} Direct material quantity.r variance {1"} Direct labor rate variance {13] Direct labor efficiency variance {hi Variable support rate variance {ii Variable support efficiency variance 1': (Click the icon for information regarding the formula selections} Reference AH 2 Actual number of direct labor hours AP 2 Actual price per unit of materials A0 2 Actual quantity of materials used AR 2 Actual wage rate 8 (.0513 mm -l = Number of direct labor hours allowed given the level of output achieved 3 2 Estimated or standard price per unit of materials 0 = Standard quantity.f of materials allowed for the production level chieved Q = Standard wage rate The Sudburv. South Carolina, plant of Shannon Sports Companyr has the following standards for its soccer ball production: @ (Click on the icon to view the standards per unit.) @uirements Requirement {3] Compute the total direct material cost variance and indicate whether the variance is favorable or unfavorable: Determine the formula. then compute the total direct material cost variance. {Round dollar amounts to the nearest cent. Label the variance as avorable (F) or unfavorable [UH _ : Total direct material cost variance Requirement {b} Compute the total direct abor cost variance and indicate whe'her the variance is favorable or unfavorable: Determine the formula. then compute the total direct labor cost variance. {Round do Iar amounts to the nearest cent. Label the variance as avorable (F) or unfavorable {U}.) Total direct labor cost variance Requirement {3] Compute the total variable support cost variance and indicate whether the variance is favorable or unfavorable: Determine the formula. then compute the total variable support cost variance. [Round dollar amounts to the nearest cent. Label the variance as avorable (F) or unfavorable [U}.) = Total variable support cost variance