Sheffield Corporation manufactures a single product. The standard cost per unit of product is shown below.

The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored.

Sheffield Corporation manuf actures a single product The standard cont per unit of product is shown below. The piredetermined manufactue ing overhead rate is 516 per direct labor hour is8.00 = 0.50 i i was compoted from a munter manudacturime overhead budget based on normul production of 2500 direct labot hours (5,000 units for the month the master budget thowed tocal variable costs of $17750 (\$5.50 per hour) and total foed oyeithesd costs of 526250 (51050 per hocith. Actual costs for Qctober in proditing 2.800 units were as followi matedials inventorits therefors can be ienored (a) Compute all ot the ingteriaks and abor varianice The porchasinig department buss the quantities of raw inaterals that are epected to be uaed iriproduction each mants karw materials inventorie- therefore, can be ignored. (a) CEentale all od the materials and 13hur warlaw-in (b) Cocogste the totaloyerhesi wariack