The Blazon 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, Blazon adopted the following standards for its manufacturing costs: Data Table * Requirements ary Cost per Input Output Unit Direct materials 4 lb. at $7 per lb. $ 28.00 95.00 5 hrs. at $19 per hr. $7 per DLH Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit 35.00 50.00 $10 per DLH 1. Prepare a schedule of total standard manufacturing costs for the 8,500 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 $ 208.00 le ( 0 Data Table Print Done Direct ma The denominator level for total manufacturing overhead per month in 2017 is 38,000 direct manufacturing labor-hours. Blazon's budget for January 2017 was based on this denominator level. The records for January indicated the following: Direct materials purchased 36.900 lb, at $7.20 per lb. $ Direct materials used 34,400 lb. Direct manufacturing labor 42,000 hrs. at $18.50 per hr. Total actual manufacturing overhead (variable and fixed) $500,000 Actual production 8,500 output units Enter any 10 part Check Answer rem