Sutherland Company produced 7,000 book bags in June and actos amounts were as follows: (Click the icon to view the actual amounts) Sutherlands standards were as follows: (Click the icon to view the standards.) Requirements 1. Compute cost and efficiency variances for direct materials, dired labor, and variable overhead 2. Compute the cost and volume variances for fred overhead Requirement 1. Compute cost and efficiency variances for direct materials, direct labor, and variable overhead Select the formulas to calculate direct materials cost and cliciency variances, then enter the variance amounts and the total (Abbreviations used AC - actual cost AD actual quantity, FOH = fixed overhead: SC standard cost, SQ standard quantity Label each variance as favorable (F) or unfavorable (U) Enter for any 70 balances. For any 50 variances, leave the favorable (FyUnfavorable (U) input blank) Formula Variance Direct materials cost variance (AC-SC) Direct materials oficiency variance Total direct materials variance Choose from any ist or enter any number in the input fields and then click Check Answer Checker Char All emaining 9 * o & 7 8 9 5 6 1 o Y U . R. E j K . F G C 2. Compute the cost and volume variances for fored overhe the standards.) cost Data Table - X culate Ebcedo ances bns usedA Ne (U). Ente Direct materials (cloth) Direct labor Variable overhead Fixed overhead 7.400 yards @ $2.00 per yard 2.740 hours $10.00 per hour $ 5,400 iance cy varia 11.900 Print Done or enter any number in the input fields and then click Check Answer Clear All Check Answer * a cost and efficiency variances for direct materials, direct labor, and variable overhead. Data Table - X Direct materials (cloth) 1 yard(s) per book bag @ $2.00 per yard Direct labor 0.40 direct labor hours per book bag @ $10.50 per direct labor hour Variable overhead 0.40 direct labor hours per book bag @ $2.00 per direct labor hour Fixed overhead 59,600 (0.40 direct labor hours per book bag @ $3.00 per direct labor hour) Print Done enter any number in the input fields and then click Check Answer Clear All Chech BI E