select from formulas given above

Headsound manufactures headphone cases. During September 2018, the company produced and sold 108,000 cases and recorded the following cost data: (Click the icon to view the cost data) Read the requirements. Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost, AQ = actual quantity: FOH = fixed overhead: SC = standard cost SQ = standard quantity.) Formula Variance Direct materials cost variance (AC-SC) x AQ $ 10,650 U Direct labor cost variance (AC-SC) x AQ S 249 U Next compute the efficiency variances. Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard post: SQ = standard quantity.) Formula Direct materials efficiency variance (AQ - SQ) x SC S 450 F Direct labor efficiency variance (AQ - SQ)X SC 4,500 Variance = = S Requirement 2. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. Now compute the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity: FOH = fixed overhead; SC = standard cost: SQ = standard quantity: VOH = variable overhead.) Formula Variance VOH cost varlance VOH efficiency variance n erh ct (AC - SC) X AQ rii (AC - SC) x SQ (AQ - SQ) X AC ne (AQ - SQ) x SC cti Actual FOH - Allocated FOH Actual FOH - Budgeted FOH Budgeted FOH - Allocated FOH i - X Data Table Standard Cost Information Quantity Cost Direct Materials 2 parts $ Direct Labor 0.02 hours 0.15 per part 9.00 per hour 9.00 per hour Variable Manufacturing Overhead 0.02 hours Fixed Manufacturing Overhead ($33,320 for static budget volume of 98,000 units and 1,960 hours, or $17 per hour) Actual Cost Information Direct Materials $ $ 42,600 (213,000 parts @ (1,660 hours @ 0.20 per part) 9.15 per hour) Direct Labor $ 15,189 8,000 Variable Manufacturing Overhead Fixed Manufacturing Overhead 25,000 Print Done