Smart Hearing manufactures headphone cases. During September $2024,$ the company produced and sold $105,000$ 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.

actual quantity; FOH$=$ fixed overhead; $SC=$ standard cost; $SQ=$ standard quantity. $.$

actual cost; $AQ=$ actual quantity; FOH$=$ fixed overhead; $SC=$ standard cost; $SQ=$ standard quantity.$)$

Requirement $2.$ For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances.

used: $AC=$ actual cost; $AQ=$ actual quantity; FOH$=$ fixed overhead; $SC=$ standard cost; $SQ=$ standard quantity; VOH$=$ variable overhead.$)$

actual cost; $AQ=$ actual quantity; FOH$=$ fixed overhead; $SC=$ standard cost; $SQ=$ standard quantity. $.$

Requirement $3.$ Smart Hearing's management used better quality materials during September. Discuss the trade$-$off between the two direct material variances.

Smart Hearing's management knew that using higher quality materials would result in a$($n$)[$

They hoped these materials would result in more efficient usage than "standard" materials. The result was

an overall

Data table