Sheridan, Ltd. manufactures shirts, which it sels to custormers for embroidering with various slopans and emblems. The standard cost card for e shirts is as folows. Standard Price Standard Quantity Standard Cost Cirect materials S4 per yard 1.50 yerds b.00 Vaiable overhead $4cer DLH 0.50 DUH s uer ULH Fixedd overhead 3.00 0.50 DUH 317.00 rmore information, She provided the folloning overhead budgets, ong e unfavorable variances he was seeino. In an attermot to understand what had happened, Sandy asked CFO Suzy Summers uperations msiaper, was reviewing the results for November when he became unse b The company curchased and used 80.200 vards ot tabric during the month, Fabric ourchases during the month were made at s3.90 per vard using 251,000 direct labor hours. Though the budget for November was based on 49,000 shirts, the company actualy produced 51,000 shirts during the manth. A diract labor payral ran $313,60n, with an actual hourly rate ot $12.25 per direct laber hour. The annual budgets wans haced an the prnduction ot 50,c00 shirts Varlable Overhead Budget Annual Do Novembe Indirect material 49 000 000 Indirect labor 299.000 0.60 0.900 Equipment repain 201,000 0.40 21/000 Equ ent power s994.000 $2.00 $107,500 Annsal Buda Actual Supervisory salaries $21.200 $259.000 348,000 nsurance 27,400 xes 316 000 Dcprociation 25,500 Utlities 214.000 22,000 Quality inspection 278,000 24,700 Total 500,000 $120,500 (a) calculate the drect materials price and quantity varisnces for November, (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct material price variancA Direct materlal quantity variance $ (b) Callate the direct labor rate and efficiency variances for November. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for e amounts.) Direct labor rate variance pirect labor efficiency variance dcfficency variancest November. (Round answers to 0 decimal places, e.g. 125. If varlance is zero, select "Not Applicable" and enter 0 for the amounts.) (c) Calculate the variable overhead spending variance s Variable ovehead spendins 0 decimal places, e.g, 125. (c) Calculate the variable overhead spending and efficiency variances for November. (Round answers If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Variable overhead spending variance $ Variable overhead efficiency variance $ for the amounts.) (d) Calculate the fixed overhead spending variance for November. (Round answer to 0 decimal places, e.q. 125. If variance is zero, select "Not Applicable" and enter Fixed overhead spending variance $
