The following data were drawn from the records of Stuart Corporation. Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead costs 4,200 units 3.90 pounds $1.40 per pound 3.70 hours $3.80 per hour $17,640 4,600 units 3.50 pounds @ $1.80 per pound 4.20 houre & $3.50 per hour $14,040 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 Stuart uses the number of units as the allocation base. f. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). g. Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. Req A Reg B Reg C Reg D Req Eto G Prepare a materials variance Information table showing the standard price, the actual price, the standard quantity, and the actual quantity. (Round "Standard price" and "Actual price" to 2 decimal places.) Materials Variance Information Tablo Standard price Actual price Standard quantity for flexible budget Actual quantity used per pound per pound pounds pounds Ren ReqB> The following data were drawn from the records of Stuart Corporation. Planned volune for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead coats 4,200 unita 3.90 pounds e $1.40 per pound 3.70 hours $3.80 per hour $17,640 4,600 units 3.50 pounds & $1.80 por pound 4.20 hours $3.50 per hour $14,040 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 Stuart uses the number of units as the allocation base. f. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). g. Calculate the fixed cost volume variance Indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. Req Req B Regc Reg D Reg E to o Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (.e., zero variance).) Material price variance Material usage variance The following data were drawn from the records of Stuart Corporation. Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead costs 4,200 unita 3.90 pounds & $1.40 per pound 3.70 hours & $3.80 per hour $17,640 4,600 units 3.50 poundse $1.80 per pound 4.20 hours $3.50 per hour $14,040 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 Stuart uses the number of units as the allocation base. f. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). g. Calculate the fixed cost volume variance Indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. Req A Reg B Red C Reg D Req e to G Prepare a labor variance Information table showing the standard price, the actual price, the standard hours, and the actual hours. (Round "Standard price" and "Actual price to 2 decimal places.) Labor Variance Information Table Standard price Actual price Standard hours for flexible budget per hour per hour Actual hours used The following data were drawn from the records of Stuart Corporation, Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead costs 4,200 units 3.90 pounds $1.40 per pound 3.70 hours @ $3.80 per hour $17.640 4,600 units 3.50 pounds e $1.80 per pound 4.20 hours $3.50 per hour $14,040 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 Stuart uses the number of units as the allocation base. f. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). 9. Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. RegA Reg C Reg B Reg D Rege to G Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (1.0, zero variance). Labor price variance Labor usage variance The following data were drawn from the records of Stuart Corporation. Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected faxed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead coats 4,200 units 3.90 pounds @ $1.40 per pound 3.70 hours $3.80 per hour $17,640 4,600 units 3.50 pounds e $1.80 per pound 4.20 hours $3.50 per hour $14,040 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 Stuart uses the number of units as the allocation base. f. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). g. Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. Reg A ReqB Regc Reg D Req Eto G Calculate the predetermined overhead rate, assuming that Stuart uses the number of units as the allocation base. Calculate the fixed cost spending variance and the fixed cost volume variance Indicate whether the variance is favorable (F) or unfavorable (U). (Round "Predetermined overhead rate" answer to 2 decimal places. Select "None if there is no effect (ie, zero variance). Show less per unit a. Predetermined overhead rate . Fixed cost sponding variance e Fed cost volume variance