Sonne Company produces a perfume called Whim. The direct materials and direct labor standards for one bottle of Whim are given below:

Question 1 2) 500 points Sonne Company produces a perfume caled Whim. The direct materials and drectlabor standards for one bottle of Whim are given below. Standard Quantity or Standard Price Standard or Rate Cost 7.50 ounces 2.30 per ounce $17.25 Direct materials Direct labor 0.35 hours 7.50 per hour 263 During the most recent month, the following activity was recorded a 16,500 ounces of material were purchased at a cost of $2.10 per ounce b. All of the material was used to produce 2,000 bottles of Whim. c. Five hundred hours of direct labor time were recorded at a total labor cost of $4.250. 1. Compute the direct materials quantity and price variances for the month, (nput all amounts as positive values. Do not round your per unit rates, round other intermediate calculations and your final answer to nearest whole dollar. Leave no cells blank-be certain to enter "0" wherever required. Indicate the effect of each variance by selecting F for favorable, "U" for unfavorable, and "None" for no ettect (i e., zero variance)) Direct materials quantity variance Direct materials price variance 2. Compute the direct labor efficiency and rate variances for the month. Input all amounts as positive values. Do not round your per unit rates, round other intermediate calculations and your final answer to nearest whole dollar. Leave no cells blank -be certain to enter "O wherever required. Indicate the effect of each variance by selecting "F for favorable. U for unfavorable, and "None" for no effect (i.e., zero variancey.) Direct labor efficiency variance Direct labor rate variance References eBook & Resources Worksheet Learning objective: 08-04 Compute the direct materials quant ty and price variances and explain their significance a Save & Exit submit 7/17/2016