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The following data were drawn from the records of Quentin Corporation. Required a. Prepare a materials variance information table showing the standard price, the actual

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The following data were drawn from the records of Quentin Corporation. Required a. Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity. b. Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). c. Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours. d. Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). e. Calculate the predetermined overhead rate, assuming that Quentin uses the number of units as the allocation base. r. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfivorable (U). g. Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U)

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