The Bruno Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing has two direct-cost categories (direct materials and direct manufacturing labor-both variable) and two overhead-cost categories (variable manufacturing overhead and fixed manufacturing overhead, both allocated using direct manufacturing labor-hours). The following actual results are for August: (Click the icon to view the results.) Some additional information about BrunoCompany's budget, standard costs and labor follows: i (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute the listed amounts for August. Determine the formula, then complete the computation for each. (Abbreviations used: DM = Direct materials, mfg. = manufacturing, OH = Overhead.) a. Total pounds of direct materials purchased. Data table - Pounds of DM purchased Requirements Direct materials price variance (based on purchases) $178,200 F 1. Compute the following for August: a. Total pounds of direct materials purchased Direct materials efficiency variance $701,500 U Direct manufacturing labor costs incurred 512,500 Variable manufacturing overhead flexible-budget variance 10,550 U Variable manufacturing overhead efficiency variance 18,400 U Fixed manufacturing overhead incurred 528,450 b. Total number of pounds of excess direct materials used c. Variable manufacturing overhead spending variance d. Total number of actual direct manufacturing labor-hours used e. Total number of standard direct manufacturing labor-hours allowed for the units produced f. Production-volume variance 2. Describe how Bruno's control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items. Print Done Print Done - The Bruno Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing has two direct-cost categories (direct materials and direct manufacturing labor-both variable) and two overhead-cost categories (variable manufacturing overhead and fixed manufacturing overhead, both allocated using direct manufacturing labor-hours). The following actual results are for August: (Click the icon to view the results.) Some additional information about BrunoCompany's budget, standard costs and labor follows: i (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute the listed amounts for August. Determine the formula, then complete the computation for each. (Abbreviations used: DM = Direct materials, mfg. = manufacturing, OH = Overhead.) a. Total pounds of direct materials purchased. Data table - Pounds of DM purchased Requirements Direct materials price variance (based on purchases) $178,200 F 1. Compute the following for August: a. Total pounds of direct materials purchased Direct materials efficiency variance $701,500 U Direct manufacturing labor costs incurred 512,500 Variable manufacturing overhead flexible-budget variance 10,550 U Variable manufacturing overhead efficiency variance 18,400 U Fixed manufacturing overhead incurred 528,450 b. Total number of pounds of excess direct materials used c. Variable manufacturing overhead spending variance d. Total number of actual direct manufacturing labor-hours used e. Total number of standard direct manufacturing labor-hours allowed for the units produced f. Production-volume variance 2. Describe how Bruno's control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items. Print Done Print Done -