The Burke 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 (DMLH). At the beginning of 2020, Burke adopted the following standards for its manufacturing costs: Requirement 1. Prepare a schedule of total standard manufacturing costs for the 7,400 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. Direct materials -(...) Actual Input Quantity Budgeted Price Requirements Actual Costs Incurred Purchases Usage Flexible Budget 1. Prepare a schedule of total standard manufacturing costs for the 7,400 output units in January 2020. 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 Incurred * Budgeted Price Flexible d. Direct manufacturing labor efficiency variance Direct Manufacturing Labor Budget 2. For the month of January 2020, compute the following variances, indicating whether each is favorable (F) or unfavorable (U): a. Direct materiale price variance, based on purchases b. Direct materials emclancy variance c. Direct manufacturing labor price variance e. Total manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance c. The direct manufacturing labor price variance is d. The direct manufacturing labor efficiency variance is Next, complete the table for variable overhead. Print Done Data table Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit - X Data table Cost per Input Output Unit 2 b. at $4 per lb. $ 8.00 5 hrs. at $20 per hr. 100.00 $5 per DMLH $8 per DMLH 25.00 40.00 $ 173.00 - X - x The denominator level for total manufacturing overhead per month in 2020 is 45,000 direct manufacturing labor-hours. Burke's budget for January 2020 was based on this denominator level. The records for January indicated the following: Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production 16,200 lb. at $4.20 per lb. 15,200 b. 36,000 hrs. at $20.40 per hr. $600,000 7,400 output units Print Done