Swifty, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Standard Price Standard Quantity Standard Cost Direct materials $3 per yard Direct labor 2.00 yards $14 per DLH 0.75 DLH $6.00 10.50 Variable overhead Fixed overhead $3.20 per DLH 0.75 DLH 2.40 $3 per DLH 0.75 DLH 2.25 $21.15 Sandy Robison, operations manager, was reviewing the results for November when he became upset by the unfavorable variances he was seeing. In an attempt to understand what had happened, Sandy asked CFO Suzy Summers for more information. She provided the following overhead budgets, along with the actual results for November. The company purchased 81,900 yards of fabric and used 93,500 yards of fabric during the month. Fabric purchases during the month were made at $2.80 per yard. The direct labor payroll ran $458,150, with an actual hourly rate of $12.25 per direct labor hour. The annual budgets were based on the production of 599,000 shirts, using 449,000 direct labor hours. Though the budget for November was based on 45,400 shirts, the company actually produced 41,900 shirts during the month. Variable Overhead Budget Annual Budget Per Shirt November-Actual Indirect material $450,000 $1.20 $49,600 Indirect labor 302,000 0.75 31,900 Equipment repair 195,000 0.30 20,300 Equipment power 50,000 0.15 7,400 Total $997,000 $2.40 $109,200 Fixed Overhead Budget Annual Budget November-Actual Supervisory salaries $262,000 $21,500 Insurance 350,000 27,300 Property taxes 80,000 7,000 Depreciation 321,000 25,900 Utilities 210,000 20,500 Quality inspection 277,000 25,000 Total $1,500,000 $127,200 (a) Calculate the direct materials price and quantity variances for November. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Direct material price variance $ $ Direct material quantity variance (b) Calculate the direct labor rate and efficiency variances for Noven select "Not Applicable" and enter O for the amounts.) Unfavorable Not Applicable Favorable to O decimal places, eg. 125. If variance is zero, Direct labor rate variance $ Direct labor efficiency variance $ (c) Calculate the variable overhead spending and efficiency variances for November. (Round answers to O decimal places, eg. 125. If variance is zero, select "Not Applicable" and enter O for the amounts.) Variable overhead spending variance Variable overhead efficiency variance (c) Calculate the variable overhead spending and efficiency variances for November. (Round answers to O decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter O for the amounts.) Variable overhead spending variance Variable overhead efficiency variance $ (d) Calculate the fixed overhead spending variance for November. (Round answer to O decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter O for the amounts.) Fixed overhead spending variance eTextbook and Media Save for Later Not Applicable Favorable Unfavorable Attempts: 0 of 3 used Submit