The Bilodeau Manufacturing Company's costing system has two direct$-$cost categories: direct materials and direct manufacturing labor. Manufacturing overhead $($both variable and fixed$)$ products on the basis of standard direct manufacturing labor$-$hours $($DMLH$).$ At the beginning of $2020,$ Bilodeau adopted the following standards for its manufacturing costs:

$($Click to view the standards.$)$

$($Click to view additional information.$)$

Read the requirements.

Requirement $1.$ Prepare a schedule of total standard manufacturing costs for the $8,400$ output units in January $2020.$

Direct materials

Direct manufacturing labor

Variable manufacturing overhead

Fixed manufacturing overhead

Total

Requirement $2.$ For the month of January $2020,$ compute the variances, indicating whether each is favorable $($F$)$ or unfavorable $($U$).$

Before computing the variances complete the tables below. Begin by completing the table for direct materials.

$\backslash$table$[[,\backslash$table$[[$Actual Input Quantity x$],[$Budgeted Price$]]],[,\backslash$table$[[$Actual Costs$],[$Incurred$]],$Purchases,Usage,$\backslash$table$[[$Flexible$],[$Budget$]]],[$Direct materials,,,,$161400]]$

a$.$ Direct materials price variance, based on purchases, is

b$.$ The direct materials efficiency variance is

Now complete the table for direct labor.

Actual Costs Actual Input Quantity

Flexible

Incurred

$$ Budgeted Price

Budget