shown by its Junec 104,400 124,770 20,000 20,000 68,000 8,000 overhead. References Janet Dunn, who has just been appointed general manager of the Westwood Plant income statement, Ms. Dunn has concluded that the major problem lies in the variable Quantity or 5 7.70 per hour 3.20 per hour 0.4 bours* Based on ignored) During June, the plant produced 8,000 pools and incurred the following costs points a. Purchased 33,800 pounds of materials at a cost of $265 per pound b. Used 28,600 pounds of materials in production. (Finished goods and work in process inventories are insignificant and can be gnored.) c. Worked 4,600 direct labor-hours at a cost of $7.40 per hour d. Incurred variable manufacturing overhead cost totaling $12,600 for the month. A total of 3,500 machine-hours was recorded t is the company's policy to close ail variances to cost of goods sold on a monthly basis. References b. Labor rate and efficiency variances c. Variable overhead rate and efficiency variances 2. Summarize the variances that you computed in () above by showing the net overall tavorable or unfavorable variance month. g variances for Ju for June, ing "F" for favorable, "U" for 4 1 9 2 3 2 points month variances e the effect of each by selecting "F" for favorable, "U" for