Saved Adams Company manufactures molded candles that are finished by hand. The company developed the following line of drip candles: standards for a new Amount of direct materials per candle Price of direct materials per pound $ 0.70 Quantity of labor per unit Price of direct labor per hour 8.20/hour Total budgeted fixed overhead 2.00 pounds direct at per uit nour $232 0.60 hours $232,000 During 2017, Adams planned to produce 40,000 drip candles. Production lagged behind expectations, and it actually produced only 34.000 drip candles. At year-end, direct materials purchased and used amounted to 69.000 pounds at a unit price of $0.64 per pound. Direct labor costs were actually $7.80 per hour and 23,300 actual hours were worked to produce the drip candles. Overhead for the year actually amounted to $207.400. Overhead is applied to products using a predetermined overhead rate based on estimated units. Required a.ab. Compute the standard cost per candle for direct materials, direct labor, overhead and also the total standard cost for one drip c.ad. Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candle candle. e. Compute the price and usage variances for direct materials and direct labor f. Compute the fixed cost spending and volume variances. Complete this question by entering your answers in the tabs below Rea A end B Rec C and D Req E Rec F rect materials, direct labor, overhead and also the total standard cost for one drip Compute tha standard cost pP candle answe a.&b. Compute the standard cost per candle tor direct materials, direct labor, overhead and also the total standard cost tor one dri candle c.&d. Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candle. e. Compute the price and usage variances for direct materials and direct labor f. Compute the fixed cost spending and volume variances Complete this question by entering your answers in the tabs below Req F Req A and B Req C and D Req E ices Compute the standard cost per candle for direct materials, direct labor, overhead and also the total s candle. (Round your answers to 2 decimal places.) dle for direct materials, direct labor overhead and also the total standard cost for one drip Standard cost per un Cost Direct material Direct labor Overhead Total per candle Rea Cand D > .&b. Compute the standard Cost per candle lor direct materials, direct labo, overhead and, aso, ire Dan sal candle c.&d. Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candle e. Compute the price and usage variances for direct materials and direct labor. f. Compute the fixed cost spending and volume variances Complete this question by entering your answers in the tabs below. Req A and BReq C and DReq E Req F Compute the actual cost per candle for direct materials, direct labor, overhead and a not lso the total actual cost per candle. (Do round intermediate calculations. Round your answers to 2 decimal places.) Actual cost per unit Cost Direct material Direct labor Overhead Total per candle Req E x Complete this question by entering your answers in the tabs below Req A and B Req C and D Req E Req F Compute the price and usage variances for direct materials and direct labor. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Cost Variance Direct materials Price variance Usage variance Direct labor Price variance Usage variance K Req C and D Complete this question by entering your answers in the tabs below. Req A and B Req C and Req E Req F Compute the fixed cost spending and volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Fixed MOH cost Variance Spending variance Volume variance Req E