Soundset manufactures headphone cases. During September 2018, the company produced and sold 106,000 cases and recorded the following cost data (Click the icon to view the cost data.) Read the requirements Data Table - X Requirement 1. Compute the cos Begin with the cost variances. Sel favorable (F) or unfavorable (U) Standard Cost Information whether each variance is SQ standard quantity) Quantity $ 0.17 per part Direct materials cost variance Direct labor cost variance Direct Materials Direct Labor Variable Manufacturing Overhead 2 parts 0.02 hours 0.02 hours 8.00 per hour 900 per hour Next compute the efficiency variar variance is favorable (F) or unfave quantity) or, and identity whether each tandard cost. SQ - standard Fixed Manufacturing Overhead ($30,720 for static budget volume of 96,000 units and 1,920 hours, or $16 per hour) lain Direct materials efficiency variand Direct laboriciency variance Requirement 2. For manufacture Actual Cost Information Direct Materials Direct Labor Variable Manufacturing Overhead Fred Manufacturing Overhead (210.000 parts@ (1.620 hours @ $ 022 per part) $ 8.15 per hour) and volume variances Now compute the variable overhe Identify whether each variance is $45.200 13.203 12.000 25.000 d efficiency variances, and pred overhead, SC Choose from any list or enter an Print Done Soundset manufactures headphone cases. During September 2018, the company produced and sold 106,000 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 Begin with the cost variances Select the required formules, compute the cost variances for direct materials and direct labor and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used. AC actual costAQ = actual quantity, FOH-fled overhead, SC standard cost SO standard quantity) Formula Variance Dired materials Cool variance Direct labor cos variance Next compute the efficiency variances Select the required formulas compute the efficiency variances for direct materials and direct labor and Identify whether each Valance in favor of unfavorite (U) (Abbeviations used AC actual cost AD ac a ntily F o adSC standard Post S tandard Direct materials officiency variance Direct labor efficiency variance Requirement 2. For manufacturing overhead compute the variatie overhead out and o nly wiances and the fred overhead cost and volume variances Now compute the variatie overhead cost and tiency variances Select the required for compute the variable overhead cost and financy variances and der whether each variance is favor ) or unavaru) Ab e d Ma c AQ - acuany, FOHfixed over SC Choose from any list or enter any number in the inputs and then continue to the next question Soundset manufactures headphone cases. During September 2018, the company produced and sold 106,000 cases and recorded the following cost data Click the icon to view the cost data) Read the requirements GREGOR Now compute the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and efficiency variances, and identity whether each variance is favorable F) or unavorable U) (Abbreviations used AC actual cost A actual quantity FOH = fixed overhead SC standard cost, SQ = standard quantity, VOH - variable overhead) Formula VOH cost variance VOH officiency variance Now compute the fixed overhead cost and volume variances Select the required formulas, compute the fixed overhead cost and volume variances, and identify whether each variance in favorable (F) or unfavorable (U) (Abbreviations used AC actual cos, A - actual quantity, FOH-fled overhead, SC Standard cost, SO standard quantity) Formula Inna ma FOH Col variance FOH volume variance Requirement 3. Sounder's management sed better quality materials during September Sounders management new that using higher valymas would woud in more efficient usage the r m als The on the trade-off between the two direct material variances They hoped these m edias Choose from any list or enter any number in the input then the