The Barrett Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2017, Barrett adopted the following standards for its manufacturing costs: Data Table - X A Data Table - X Input Cost per Output Unit The denominator level for total manufacturing overhead per month in 2017 is 44,000 direct manufacturing labor-hours. Barrett's budget for January 2017 was based on this denominator level. The records for January indicated the following: Direct materials 5 lb. at $6 per lb. 30.00 140.00 Direct manufacturing labor 7 hrs. at $20 per hr. Direct materials purchased Manufacturing overhead: Variable 37,300 lb. at $6.25 per lb. 35,300 lb. Direct materials used $5 per DLH 35.00 63.00 Direct manufacturing labor 49,400 hrs. at $20.40 per hr. $625,000 Fixed $9 per DLH $ 268.00 Total actual manufacturing overhead (variable and fixed) Actual production Standard manufacturing cost per output unit 7,200 output units 1. Prepare a schedule of total standard manufacturing costs for the 7,200 output units in January 2017. 2. For the month of January 2017, compute the following variances, indicating whether each is favorable (F) or unfavorable (U): a. Direct materials price variance, based on purchases b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Total manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance